autotldr@lemmings.world
on 20 Aug 2023 18:25
nextcollapse
This is the best summary I could come up with:
Meta launched its X rival called Threads on July 5 and quickly amassed more than 100 million signups, Time magazine reported, citing data from Sensor Tower.
Musk’s efforts to purge the platform of bots and turn it into a “super-app” don’t yet appear to be working.
Activist Monica Lewinsky urged him and CEO Linda Yaccarino to “rethink” the move.
as an anti-bullying activist (and target of harassment) i can assure you it’s a critical tool to keep people safe online.- that woman
as an anti-bullying activist (and target of harassment) i can assure you it’s a critical tool to keep people safe online.
In May Fidelity wrote down the value of its stake in the company then still known as Twitter, giving it a value of about $15 billion – or just a third of what Musk paid, The Wall Street Journal Reported.X didn’t immediately respond to a request for comment from Insider, made outside normal working hours.
The original article contains 326 words, the summary contains 158 words. Saved 52%. I’m a bot and I’m open source!
MaxPower@feddit.de
on 20 Aug 2023 18:25
nextcollapse
“Here’s 44 billion USD, I might fail though ¯\_(ツ)_/¯”
Genius.
MammyWhammy@lemmy.ml
on 20 Aug 2023 19:43
collapse
Especially because he could have bought it for so much less.
superkret@feddit.de
on 20 Aug 2023 18:26
nextcollapse
!enoughmuskspam@lemmy.world
applejacks@lemmy.world
on 20 Aug 2023 19:21
collapse
very ironic to create an entire community about the person you hate.
heartlessevil@lemmy.one
on 20 Aug 2023 19:25
nextcollapse
It’s so that people who want to read up on Musk drama can do so, and everyone else just needs to ban one community and isn’t annoyed by this shit in every single tech community every time Musk breathes.
applejacks@lemmy.world
on 20 Aug 2023 19:32
collapse
I agree about being annoyed by it, but these enough XYZ spam communities are built to attract people who don’t want to hear about XYZ.
Because he’s doing everything to make it fail and destroy the platform, isn’t it obvious?
PeleSpirit@lemmy.world
on 20 Aug 2023 18:53
nextcollapse
I truly think this is all his fucking up, nothing else. He was trying to take away features that probably align with the people who gave him money, but had no idea how to make it work and make money and is desperate. Desperation makes you even more stupid.
Clent@lemmy.world
on 20 Aug 2023 19:06
nextcollapse
I don’t see the conspiracy.
My assumption is the investors immediately got what they wanted. They are not stupid.
Money men don’t hand over money to these front men based on promises. This isn’t a Hollywood movie. There was an immediate pay off.
They got SpaceX stock.
aricene@lemmy.world
on 20 Aug 2023 19:18
nextcollapse
Investors will absolutely hand over money to front men making bad, even obviously insane, promises, though. People are always more easily manipulated than they like to believe, but people who’ve convinced themselves they’re infallible titans of industry are even more vulnerable to it. (Especially the ones who think that they see through the scam and won’t be left holding the bag.)
PeleSpirit@lemmy.world
on 20 Aug 2023 19:20
nextcollapse
I didn’t say it was a conspiracy. I said they gave him money after he was already fucking up by paying around 30 billion more than it was worth, firing all the people that did stuff, and generally being a bad CEO so he would do what they want. More of a typical business deal really.
Buffalox@lemmy.world
on 20 Aug 2023 19:41
nextcollapse
Thunderfoot has spend a lot of time analyzing most things Musk, and SpaceX specifically does not have a market (TAM) to achieve what they claim.
Arbiter@lemmy.world
on 20 Aug 2023 19:45
nextcollapse
Money men get conned so fucking often it isn’t even funny.
Sarcastik@lemmy.world
on 22 Aug 2023 06:22
collapse
So you’ve never heard of theranos or we work?
originalucifer@moist.catsweat.com
on 20 Aug 2023 21:30
collapse
the only not-on-purpose piece was him having to buy it. idiot was forced to buy twitter, and then turned it into a "lets burn down a bastion of liberal speech" amongst his friends. he knows he wont suffer in any conceivable way, the saudis who fronted a huge chunk get what they want.
this was all setup shortly after he was forced to buy it. every step he has made since is in the playbook of "ruining your business", including mistakes he has personally made before.
be_excellent_to_each_other@kbin.social
on 20 Aug 2023 18:54
nextcollapse
Because he’s doing everything to make it fail and destroy the platform, isn’t it obvious?
It is tremendously obvious, I agree. At one point it felt kinda hyperbolic to say, but not for awhile now.
I'm not knowledgeable enough to be able to speculate what's in it for him, but it's 100% obvious that's what's being done.
He might call him self pro free speech, but he actually hates it (as long as it’s not his own free speech). Getting rid of Twitter is a massive blow to free speech. One less platform where he and his companies can get outed and criticized on.
BobKerman3999@feddit.it
on 20 Aug 2023 19:41
nextcollapse
I subscribed to the conspiracy theory of the banning of the jet tracker
some_guy@lemmy.sdf.org
on 20 Aug 2023 19:43
nextcollapse
It’s less nefarious than that. He wants to be a championed business leader. He’s just a fuck up who was forced to buy a platform that he never actually intended to buy (except for maybe a couple of days when he first suggested it). Sure, it will help his side when he runs it into the ground, but that’s not his intent despite being the cause.
severien@lemmy.world
on 20 Aug 2023 20:34
collapse
Twitter was becoming another walled platform (not being able to read the content without being logged in) even before Musk’s take-over.
I’m happy for any walled platform to fail. IMO they have no place on internet.
BedSharkPal@lemmy.ca
on 20 Aug 2023 18:55
nextcollapse
I keep thinking there must be some high level plan here to destroy twitter for the good of humanity. I mean it’s that or Elon actually just is that stupid. At this point the latter seems the most likely …
o_oli@lemmy.world
on 20 Aug 2023 19:07
nextcollapse
If he was destroying it for the good of humanity he would have to somehow destroy the concept of it rather than a single platform.
Probably best spending 40 billion on education in the harm social media can do lol.
I really do think he’s just delusional. I won’t call him an idiot because there is clearly intelligence and talent in his head, but he’s gone off the rails in some capacity whether it’s mental health issues or power crazed or who knows.
BaronDoggystyleVonWoof@lemmy.world
on 20 Aug 2023 19:15
collapse
It’s probably drugs. He changed a lot the last few years.
SIGSEGV@sh.itjust.works
on 20 Aug 2023 19:16
nextcollapse
Definitely.
ChrisLicht@lemm.ee
on 20 Aug 2023 19:34
nextcollapse
You answer jibes with what I have seen plenty of while working with and funding serial entrepreneurs in the Valley: micro-dosing, coke, molly, steroids, random herbal shit, off-label usage of pharmaceuticals, trendy nootropics, blood transfusions, ayahuasca, and Adderall.
No he hasn’t. The management of the old x.com (the one that got bought by paypal) threatened to walk if Elon wasn’t removed from the office. He was always this incompetent.
Transcendant@lemmy.world
on 20 Aug 2023 19:10
nextcollapse
You’ve got it back to front imo. Twitter was a useful tool for disseminating info, whether for protest movements, political movements, whatevs. Pre-Musk, there was a degree of control on twitter re disinfo, harassment, hatred etc. Now, it’s no longer a useful tool for leftwing people to gather and share their thoughts; it’s no longer a useful tool to disseminate information; it’s no longer a tool for rallying protestors.
Look at who invested (Saudi kingdom); look at when Musk took it over (mid-terms); it seems pretty obvious to me that the takeover was a very expensive purchase to make the actions of oligarchs & despots that much easier.
Deftdrummer@lemmy.world
on 20 Aug 2023 20:03
collapse
Wah, every other platform is a left wing mouthpiece. But you want your cake and to eat it too? Listen to yourself.
You’re free to “make your own” website. Remember that?
you can always go to “truth social” or whatever that crackpot cooker platform is called if you want a safe space
MammyWhammy@lemmy.ml
on 20 Aug 2023 19:34
nextcollapse
Never ascribe to malice what can be ascribed to stupidity.
lolcatnip@reddthat.com
on 20 Aug 2023 20:45
collapse
A bad rule of thumb. Weaponized incompetence is a thing.
Deftdrummer@lemmy.world
on 20 Aug 2023 20:02
nextcollapse
Twitter was not the golden bastion to humanity you think it was.
BedSharkPal@lemmy.ca
on 20 Aug 2023 20:48
collapse
That’s my point. In theory Elon realized how toxic it was to public discourse and sought to destroy it.
If you look at his actions and the actions of a competent person trying to destroy the platform, they are virtually identical
kool_newt@lemm.ee
on 20 Aug 2023 20:32
nextcollapse
What if Elon was encouraged to buy twitter by people who knew he would fuck it up in short order for them?
If you want to take down a corporation, there’s two main ways right now. Have Elon take charge, or have Ken Griffin short them into the cellar.
lolcatnip@reddthat.com
on 20 Aug 2023 20:44
collapse
What about Elon Musk makes you think he’d do anything for the good of humanity?
squiblet@kbin.social
on 20 Aug 2023 19:06
nextcollapse
That was my original thought when he came on and immediately fired 75% of the staff. It's not some savvy slimming down or cost-cutting. It was more like a wrecking ball.
It was fairly clear that his overall desire was the make the platform less useful for liberals and more for conservatives. It seems like he is content to destroy it if he can't achieve the latter.
Buffalox@lemmy.world
on 20 Aug 2023 19:35
nextcollapse
No, you don’t throw away $44 billion just for shit and giggles, not even if you are as rich as Musk.
Musk is (probably) a narcissist who thought he could make it work in his delusional mind.
He wanted a mouthpiece for the MAGA crowd, and he probably thought the desire in the population for it, would make it succeed, if he made the platform embrace that. He probably envisioned himself as a great liberator, who would be celebrated for bringing free speech back to America.
Musk has been losing it for a long time, and it seems to only get worse.
Astroturfed@lemmy.world
on 20 Aug 2023 21:01
nextcollapse
Who could of forseen brands not wanting to advertise over hate speech that would turn off half their customer base? I’d love screenshots of my companies products floating around next to seasticas and racism.
Buffalox@lemmy.world
on 20 Aug 2023 21:07
collapse
Yes that’s so strange, think of all the extra attention the controversies create!! I bet he planned to double the prices for advertising.
ShittyBeatlesFCPres@lemmy.world
on 20 Aug 2023 21:23
nextcollapse
I think a lot of “hardware” people underestimate software. Historically, hardware was way more complex but the hardware problems have kind of been solved. There’s only so many ways to design a phone or laptop. Software, meanwhile, has only become more complex and challenging.
Buffalox@lemmy.world
on 20 Aug 2023 21:57
collapse
I agree, but I don’t see the point in this context?
The software to build and run Twitter, is probably not worth much besides for running Twitter.
No Twitter means no value in the software for it either.
Intralexical@lemmy.world
on 20 Aug 2023 23:21
collapse
I agree, but I don’t see the point in this context?
I think they meant Musk thought managing development of the Twitter software would be easier than it was, given his prior… Involvement with Tesla and SpaceX.
I think a lot of “hardware” people underestimate software.
Buffalox@lemmy.world
on 21 Aug 2023 10:22
collapse
Ah yes, I can see that could make sense. But I think Musk considers himself as much a software guy as hardware, because he works with AI for Tesla. Putting him somewhat on the cutting edge of software too. Twitter should be child’s play by comparison.
Of course Musk has managed to bring Tesla from a competitive position to be way behind the main field, with just a few very stupid decisions. Mercedes, GM and Waymo are now way ahead of Tesla, and Nvidia and MobilEye are probably ahead too.
Of course Musk is now attempting to slow AI development overall, because he is way behind. With suggestions like preventing AI development until we have better regulation and understanding. He is trying to repeat how he stopped investments in public transport with hyperloop. Only this time with AI, because he is losing that battle badly.
reddig33@lemmy.world
on 20 Aug 2023 22:08
nextcollapse
He’s being bankrolled to keep it up and running for the next election. It will be interesting to see if the money runs out.
Jimmycakes@lemmy.world
on 21 Aug 2023 02:46
collapse
Also, I don’t think a narcissist would intentionally and publicly humiliate themselves the way Musk has done (Not a psychologist).
Buffalox@lemmy.world
on 21 Aug 2023 10:02
nextcollapse
Absolutely true, being humiliated is just about the worst thing for a narcissist.
An example of that, was when Elon Musk called the diver who actually rescued 13 children in Thailand a pedophile. Imagine that, calling the hero of the day a pedophile because you are butthurt!!
crate_of_mice@lemm.ee
on 21 Aug 2023 15:49
collapse
No they definitely don’t like to be humiliated, they probably feel that a lot more deeply that non-narcissists. But at the same time, they lack the self-awareness that would help them avoid getting into situations that would lead to humiliation.
dragontamer@lemmy.world
on 21 Aug 2023 13:55
nextcollapse
No, you don’t throw away $44 billion just for shit and giggles
Why not? Elon Musk is famously on ketamine, ambien, and a whole slew of mind-altering substances.
Given how the contract was written, and given how much Elon Musk fought against the contract, it was obvious that he made a short-term decision (likely while high on some substance), and then quickly regretted buying Twitter. Within a week or two, he started a court case to NOT BUY TWITTER, despite signing an ironclad contract.
In my mind, its really fucking obvious what happened. Elon Musk partied a little bit too hard with some mixture of ketamine+ambien+alcohol, it mixed weirdly in his brain and he made a bad decision. A few days later, when he sobered up a bit, he realized how shitty of a decision he made but it was too late to roll things back.
Everything else Elon Musk has done is just… shitty reputation management. He’s trying to convince the world he’s still got it, despite making a bad (possibly drug-induced) decision
Buffalox@lemmy.world
on 21 Aug 2023 19:13
collapse
He made a huge mistake, either because he was under the influence, or because he is delusional. That doesn’t mean he actually intended to throw out $44B just for shit an giggles. Obviously he didn’t when he sobered up.
MajorHavoc@lemmy.world
on 22 Aug 2023 03:41
nextcollapse
“He cannot be that self deluded.”
Narrator: He was.
diocan@lemmy.world
on 22 Aug 2023 22:10
nextcollapse
Your delusion is very strong, congrats
CharlesDarwin@lemmy.world
on 22 Feb 2024 14:42
collapse
Is it? He’s either a moron or he’s doing it on purpose. There is simply no other explanation.
At this point it’s just too many dumb decisions, if he had done absolutely nothing after taking over he’d be better off than he is now.
Astroturfed@lemmy.world
on 20 Aug 2023 20:46
nextcollapse
Delusional rich guy who’s nowhere near as smart as most people thought he was is the most simple explanation. He’s obviously got some kind of god complex and thinks he’s right about everything.
I mean he has been called a real world Tony Stark for the last decade. Maybe that went straight to his mushy brain and he is still on that high. Back in the day he listened to experts, now whenever he’s at SpaceX they employ “Elon handlers” who just nod to every suggestion and then try to get rid of him.
He got too much positive press and lost it.
Cabrio@lemmy.world
on 20 Aug 2023 21:47
nextcollapse
God knows how a wannabe Steve Jobs who bought into all of his companies ever got compared to Tony Stark.
He looked like a real world Tony Stark when he was surrounded by teams of smart people doing all the hard parts and PR for him.
What we’re seeing now is pure unfiltered Musk. He was probably always like this, but now he’s off the leash.
Meowoem@sh.itjust.works
on 21 Aug 2023 02:00
collapse
If you look back at his ‘making us as multi planet species’ era he had a lot of the same traits but since buying Twitter it’s gone off the charts.
Probably because so many of his big ideas didn’t pan out, when he was talking about Tesla being about the production line not the car I was optimistic but his factories never scaled like they were supposed to, never really got where they needed to be and I think it became clear they weren’t going to get there.
I think he’s had a lot of ego damage and it’s messed with his head
BleatingZombie@lemmy.world
on 20 Aug 2023 20:51
nextcollapse
The first one. He’s stupid
stealth_cookies@lemmy.ca
on 20 Aug 2023 22:54
nextcollapse
Occam’s razor and all that. He is simply a low intelligence person with a fuckload of money.
FlyingSquid@lemmy.world
on 21 Aug 2023 10:17
collapse
Not sure I agree. I think it would be totally in character for him to want to destroy Twitter just because they forced him to buy it. He’s a petty troll and can afford to lose that money just to show them.
Astroturfed@lemmy.world
on 20 Aug 2023 21:07
nextcollapse
How does destroying it hurt “them” he already bought it? They cashed out way over the value of the company. If I was any major shareholder of Twitter that he bought out Id be gleefully laughing at him running it into the ground now that I’m no longer invested.
jungle@lemmy.world
on 20 Aug 2023 21:38
nextcollapse
True, I didn’t think it through. I stand corrected.
orion2145@lemmy.world
on 21 Aug 2023 00:20
collapse
I think in the end he will want you to believe that. And will be glad if you do.
notapantsday@feddit.de
on 20 Aug 2023 23:45
nextcollapse
I don’t know. The way it’s going down, it really makes him look like an idiot. He could have just flipped the switch and turned it off as a massive demonstration of power.
Instead he’s making one mindboggingly stupid decision after another, showing the whole world how utterly incompetent he is.
The most logical explanation for me is the easiest one: if he’s making stupid and incompetent decisions, maybe he’s just stupid and incompetent.
Meowoem@sh.itjust.works
on 21 Aug 2023 01:34
collapse
You’re saying the guy that has done nothing but look like a total fool for years could actually be a total fool? By the gods, I think you’re onto something!
chalupapocalypse@lemmy.world
on 21 Aug 2023 00:01
nextcollapse
People told me I was crazy when I said he bought it to shut it down. Look who he hangs out with, people with a fuckton of money who hate free speech. Very powerful people who control media empires and run oppressive regimes.
He might be stupid, but the people pulling his strings aren’t.
Like others have said, bullshit. He’ll drive it into the ground and pretend that was his plan the whole time, like he’s some undercover genius three steps ahead of everyone, when really he’s just constantly playing catch-up with his narcissistic outbursts.
ugjka@lemmy.world
on 20 Aug 2023 18:48
nextcollapse
He can still turn it into a porn app
PeleSpirit@lemmy.world
on 20 Aug 2023 18:55
nextcollapse
Make it a hook up site, might as well. He can do financial transactions like he wanted to.
Da_Boom@iusearchlinux.fyi
on 20 Aug 2023 23:18
collapse
Honestly, might’ve been better off trying to turn a porn site into an everything app. The internet was built on porn after all.
“The only real mistake is the one from which we learn nothing.”
be_excellent_to_each_other@kbin.social
on 20 Aug 2023 19:08
collapse
“The only real mistake is the one from which we learn nothing.”
I wonder this a bit as folks flock to Bluesky. I mean, Threads is just right out there, but Facebook always has been so that demographic was going to be there anyhow. The people flocking to Bluesky because they don't like Musk had better hope Jack Dorsey doesn't turn out to be nuts now, right?
I feel like this whole debacle should have pumped up the various bits of the Fediverse more than it has.
squiblet@kbin.social
on 20 Aug 2023 20:33
collapse
Dorsey really trusts Musk's "mission to extend the light of consciousness", which I think says enough.
KLISHDFSDF@lemmy.ml
on 20 Aug 2023 18:51
nextcollapse
X? Can we collectively decide to forever call it “X, formerly known as Twitter” just to piss him off?
RozhkiNozhki@lemmy.world
on 20 Aug 2023 18:52
nextcollapse
I like the most recent The Verge variant: Twitter, X, or whatever it’s currently called…
snooggums@kbin.social
on 20 Aug 2023 19:01
collapse
TwiX is unfortunately already taken.
Da_Boom@iusearchlinux.fyi
on 20 Aug 2023 23:16
collapse
Damn, I could go for a twix bar right about now.
kescusay@lemmy.world
on 20 Aug 2023 19:05
nextcollapse
I call it Xitter. The X is pronounced with an “sh” sound.
loobkoob@kbin.social
on 20 Aug 2023 19:29
nextcollapse
I saw someone on Mastodon say something along the lines of "I'll continue to deadname Twitter for as long as Musk continues to deadname his daughter" and I love that sentiment.
NotMyOldRedditName@kbin.social
on 21 Aug 2023 18:52
collapse
Seems like it will be the website formerly known as existing soon enough.
FlyingSquid@lemmy.world
on 21 Aug 2023 10:19
collapse
I just call it Twitter. Just like I call the (former?) rapper Kanye West. I don’t cater to the whims of the 1% if I can help it.
Potatos_are_not_friends@lemmy.world
on 20 Aug 2023 19:03
nextcollapse
For the record, It wasn’t failing until Musk came in.
MammyWhammy@lemmy.ml
on 20 Aug 2023 19:31
nextcollapse
It also wasn’t really successful before he came in either. It rarely was profitable and usually operated at a loss.
I mean Musk has seemingly made every bad move imaginable, I can only imagine the ideas he’s been talked out of.
squiblet@kbin.social
on 20 Aug 2023 20:28
nextcollapse
It was losing money, but not much. They could have made some minor changes to make it profitable. However ~8000 people were making good salaries working for them, and tens of thousands of people and businesses benefited from the platform. Now it's much smaller, less useful, and still not profitable.
TenderfootGungi@lemmy.world
on 20 Aug 2023 21:05
nextcollapse
It was barely profitable but had some one time write offs that pushed it down. It should have returned to barely profitable. But a barely profitable company can become ok profitable with small changes.
kaitco@lemmy.world
on 20 Aug 2023 21:30
nextcollapse
Twitter’s success wasn’t monetary. The success came in allowing ordinary people their soapbox at a global town square.
Look at what happened to the price of insulin with a single tweet made back when all the blue checks were in complete free-for-all. A single tweet, made by a random person, thoroughly changed the shape of that one industry. Twitter gave “power” to the people, and those like Musk weren’t comfortable with that.
Intralexical@lemmy.world
on 21 Aug 2023 00:45
collapse
Ugh. This “global town square” nonsense needs to die.
Twitter’s business was selling ads. They don’t give a flying festerooni about fostering a healthy public discourse. Nearly every part of the technical and UX design was actively hostile to “the people” being able to express themselves in a meaningful way— The entire premise was a character limit that while fun also made it literally impossible to provide meaningful context or nuance to anything, and whether you were just scrolling or trying to reply to people, you never got to see anybody else’s honest opinions either but instead you were fed a carefully algorithmically curated drip of out-of-context ragebait and feelgood fuzzies designed only to keep you stimulated enough to keep on scrolling so they could report a higher number to investors in their next quarterly report and sell you to more ads.
The entire place was always an artificial environment designed to prey on and monetize your attention span; Unless you were replying to somebody you knew, it was never a place for any kind of authentic interaction, much less some kind of grandiose “global town square” that “gave power to the people”.
Twitter may have given certain individuals the tools at some points to trigger positive change. The insulin example was probably the best-case-possible outcome from Musk’s fumbling of the verification system, but it was an accident. And in the meantime, when Twitter does get used deliberately, it has spawned a terrorist group that has murdered and enslaved thousands of people, turbocharged the decline of the most powerful and wealthiest country in the world towards either autocratization or polarized paralysis, and fueled many, manyactual full-blown civil wars. (This is what happens when your revolution isn’t built on solid foundations.) Plus, you know, all the harassment, stalking, rape and death threats, political interference, privacy concerns, mental health effects, and actualbots used by malicious actors (which reputable sources tend to estimate at tens of millions in number).
Twitter’s a corporation. They never cared about being a “town square”, only about being seen as such by users so they could line their own pockets. And Elon Musk is just an idiot. He’s not some scheming genius (though he clearly tries to be); he’s the same as any rich idiot discovering the hard way that no amount of ego will make up indefinitely for lack of competence.
It’s just the way they are, no silly conspiracies or battle between good and evil required. Twitter’s amoral, rather than immoral, and Musk is immoral, but it’s in a flailing self-destructive way rather than a conniving Machiavellian way. They’re acting out their nature, and we get caught up in it.
How many actual terrorist groups were we going to let this corporation create in their pursuit for profit before finally admitting that maybe the entire idea was bad from the start? Currently, the immoral idiot is destroying both his own credibility and also the amoral corporation for us all, and really, this is probably almost the best possible outcome.
Thank you, finally. It was nothing more than the internet's comments section.
originalucifer@moist.catsweat.com
on 20 Aug 2023 21:51
collapse
i was no fan of twitter, but it was on a path to achieve some financial stability. It had plenty of value as a mechanism to distribute emergency (or other) information quickly. was and had being the operative words here.
infyrin@lemmy.world
on 20 Aug 2023 19:21
nextcollapse
LOL!
Somebody please do not tell him of the Fediverse. Let him believe that there is “no great social networks right now”.
Wait, wait! Musk, go to Reddit! Your admirer Spez would love to have you on board. You can pump your billions into Reddit, give Spez a comfy position where he won’t have to worry about money again and just fuck that place up too!
DeadNinja@lemmy.world
on 20 Aug 2023 19:25
nextcollapse
Musk tried to fix something that was not broken, and it almost always is a bad idea.
BleatingZombie@lemmy.world
on 20 Aug 2023 20:55
collapse
But he’s a rocket scientist and a computer scientist!! (\s he’s neither)
Buffalox@lemmy.world
on 20 Aug 2023 19:26
nextcollapse
In May Fidelity wrote down the value of its stake in the company then still known as Twitter, giving it a value of about $15 billion – or just a third of what Musk paid, The Wall Street Journal Reported.
I think even that was not realistic, and back in May things were not as bad yet as they are now at “The thing formerly known as Twitter”. I doubt anyone would buy it at even half that now. Musk added a debt of $20 billion, that’s about what it was worth at the time Musk bought it.
With that debt, the company became basically worth Zero. Even at the estimate when Musk bought it.
If the $20 billion debt was somehow removed, it would still be worth less than $10 billion. Meaning that its current actual worth is probably below negative $10 billion! Meaning the only value is the tax value of the deficit. And no creditors get paid. It’s basically already bankrupt, unless someone pumps in more money, and I’m not seeing that happening with a company as bad as “The thing formerly known as Twitter”.
Seems like the only way forward now, is bankruptcy and maybe reconstruction after selling the company without the debt for peanuts.
Most of the value was probably with the brand itself. Which he then tossed away. Genius.
Buffalox@lemmy.world
on 20 Aug 2023 19:53
nextcollapse
Yes, and even the name is probably almost worthless now, he has massacred everything including the original name.
It’s to bad, because the original concept was OK, and could probably have survived without the insanity Musk brought.
NotMyOldRedditName@kbin.social
on 20 Aug 2023 21:16
collapse
I wonder what term will replace tweet... it worked so well. Oh I tweeted this last night...
People aren't going to say I X'd that last night. Sure you can say I posted something on X or I dunno, but I don't think they'll ever get something as good as tweeting on twitter.
Buffalox@lemmy.world
on 20 Aug 2023 22:06
collapse
I agree, you can’t create something similar easily, it’s like to “Google it”. Nobody would dream to say “Bing it” or “Yahoo it”.
If they had achieved dominance instead of Google we might, but you can’t just change such things.
Even if X should become somewhat popular, to X it doesn’t really work.
So even with a new service as popular as Twitter used to be, it’s unlikely to replace the term “to tweet”. It could simply go back to “to message” IDK. That would work disregarding of platform name, but would lack the brilliance of tweeting on Twitter.
NotMyOldRedditName@kbin.social
on 20 Aug 2023 23:23
collapse
Was just thinking on this more and had a laugh at someone saying this out loud
Them: "Did you see my X last night, i ripped them a new one!"
Friend: "You did what to your ex last night? Does your wife know!?"
Buffalox@lemmy.world
on 21 Aug 2023 10:04
collapse
That’s hilarious.
But I’m sure Musk thought that through before implementing the new name for the thing formerly known as twitter. /s
squiblet@kbin.social
on 20 Aug 2023 20:30
collapse
That was a truly insane decision. Of all the annoying and idiotic things he's said, "Soon we shall bid adieu to the twitter brand and, gradually, all the birds" is way up there.
drapermache@lemmy.world
on 20 Aug 2023 19:35
nextcollapse
And somehow it’ll be the “woke mind virus’s” fault. There will be no self reflection at all.
spiderman@ani.social
on 20 Aug 2023 19:53
nextcollapse
Stage 5: Acceptance
fubo@lemmy.world
on 20 Aug 2023 19:57
nextcollapse
“Everything was fine with our system until the power grid was shut off by Dickless here.” — Ray Stantz, Twitter engineer
WarmSoda@lemm.ee
on 20 Aug 2023 20:14
nextcollapse
It’s true. This man has no dick.
totallynotarobot@lemmy.world
on 20 Aug 2023 20:17
nextcollapse
He has like 18000 children.
Plenty of awesome people are dick-free, and being dick-ful in no way suggests competence or any other positive trait.
Edit: ITT: omg tech bros are so toxic
Also ITT: dick measuring
Astroturfed@lemmy.world
on 20 Aug 2023 20:27
nextcollapse
Although unlikely, it’s possible he has testicles they harvested sperm from and doesn’t actually have a dick. Although, I think it’s far more likely he has a micro penis that’s barely functional, that he uses to impregnate women he’s somehow conned into tolerating him.
Texas_Hangover@lemm.ee
on 20 Aug 2023 21:44
collapse
You spend a lot of time thinking about this dudes genitals.
Astroturfed@lemmy.world
on 20 Aug 2023 21:57
collapse
You don’t spend nights awake wondering what Elons dick looks like? Guess I need therapy.
kool_newt@lemm.ee
on 20 Aug 2023 20:34
nextcollapse
BleatingZombie@lemmy.world
on 20 Aug 2023 20:49
collapse
It seems like it was a joke. A joke that easily upsets women and anybody else without a dick. I’m not saying it upset me, but it’s very obvious to see why it would not be received well
TheGreatFox@lemm.ee
on 20 Aug 2023 21:28
nextcollapse
Dude what. How thin-skinned does someone need to be to get upset over a joke like that from a random person on the internet?
Cabrio@lemmy.world
on 20 Aug 2023 21:43
nextcollapse
I hope this is a joke, otherwise it’s offensive to anyone with a functional brain.
WarmSoda@lemm.ee
on 21 Aug 2023 01:27
nextcollapse
If it upset the people you claim it upsets everyone would have heard about how upsetting it was twenty years ago.
Countess425@lemmy.world
on 21 Aug 2023 00:25
collapse
Most of them are IVF/Surrogacy babies, I think.
FlyingSquid@lemmy.world
on 21 Aug 2023 10:17
collapse
How did all of these people replying to you never see Ghostbusters? It’s criminal.
Lettuceeatlettuce@lemmy.ml
on 20 Aug 2023 20:36
nextcollapse
Gee…who could have guessed?..
Ubermeisters@lemmy.zip
on 20 Aug 2023 21:11
nextcollapse
Oopsie we repeatedly keep taking away you most valuable organizational tools
The 1%
yiliu@informis.land
on 20 Aug 2023 21:45
nextcollapse
This take is exhausting. It’s like the political version of narcissism: here’s how everything that happens in the world is actually a conspiracy against me!
If Musk was a plant to sabotage Twitter on the behalf of the 1%, why would he have done it slowly with a series of increasingly bad decisions that caused a mass migration to distributed open-source platforms? Why not just flip the switch and kill it in one go? Or: why not start a program of bots to talk about how awesome Teslas are, and make Trump seem cool, while shadow-censoring criticism of Musk’s friend’s companies or governments?
You think They are competent and dastardly enough to plan a takeover of Twitter, but then too bumbling to make better use of it than slowly discrediting it with a series of half-baked ideas from a deranged and detestable front man?
Ubermeisters@lemmy.zip
on 20 Aug 2023 22:06
nextcollapse
i implied no intent, you just filled in the obvious gaps and are upset about it.
Jentu@lemmy.film
on 20 Aug 2023 23:22
nextcollapse
Control is the game for people with money and power whether it is graceful or not. Some of what Elon has done seems like he wants to control the narrative around his jet. Some of what Elon is doing seems like he just wants to keep testing the waters to see how many people still use twitter after crippling the system. Like some sort of “I slap them in the face and they ask to be hit harder- that’s how much power I have over them. People are obsessed with me”.
I don’t think his goal was to kill twitter. His goal was to remain on everyone’s lips without his jet being mentioned. And if that’s at the cost of organizational tools being destroyed, so be it- in fact, destroying twitter has had more people taking about him than ever.
Yeah, I think that’s more or less right. Musk has gone off the rails, and is using his fortune as a cudgel in a fit of pique.
It’s our own fault that our “town square” was so easily taken over by a rich bully, though. I was warning people back in 2007 that depending so heavily on Google, Facebook, Twitter, etc, was a bad idea. People did not want to hear it. It’s hard to picture now, but people used to love those companies, and couldn’t imagine them doing harm. But like…it was inevitable.
We need to build on things like Lemmy, Mastodon, Diaspora, whatever. If you hand control of the town square to a corporation, they’re gonna control access and charge fees, and they’ll happily sell it to someone who wants to turn it into a mud-wrestling pit. That’s not the fault of the corporations–it’s our fault.
Meowoem@sh.itjust.works
on 21 Aug 2023 01:32
collapse
Not to mention that the 1% already owned it.
Though if anyone is thinking of spending close to fifty billion to destoy a social network then call me - I’ll do it for a billion, or two.
Intralexical@lemmy.world
on 20 Aug 2023 23:09
nextcollapse
Twitter helped create ISIL, and also POTUS45. When actualautocracies see people even trying to organize on Twitter, they simply ban the whole site anyway. And it also played a major role in the Arab Spring, which while originally talking about high ideals like democracy, liberalisation, and human rights, is these days mostly notable for having ruined several countries for a generation.
In fact, that seems to be the trend: Twitter is very good at making its users feel like they’re organizing and making changes in the world, when in reality all that is being accomplished is/was inflating their own stock price and throwing outrage around with neither factual context nor a long-term plan to turn it into meaningful positive change. People were able to effect social change before Twitter, but they didn’t do it because they saw somebody’s sarky hot take for five seconds right before getting their dopamine hit with the “Like” button and then scrolling past it; they did it because they got sick of the way things were. The public-facing data should be kept around for historians and the rest of the curious, but Twitter was always primarily a predatory ad marketplace that gained relevance by being useful for propaganda, and we’ll all be better off with it gone.
EDIT: Musk, surely, did buy Twitter for the power and attention he thought it would give him. But he’s done it as a petulant, self-destructive manchild, not as some scheme to stifle public discussion— Twitter was already stifling public discussion, just because of what it is.
FlyingSquid@lemmy.world
on 21 Aug 2023 10:16
collapse
Musk, surely, did buy Twitter for the power and attention he thought it would give him.
DIsagree. He was trying to do one of his many pump-and-dumps and he fucked around and got found out.
Intralexical@lemmy.world
on 21 Aug 2023 21:50
collapse
Fair. He talked about buying Twitter for the power and attention he meant to get from talking about it, both from the cryptobro fans and also any shady financial shenanigans. But he didn’t actually mean to go through with paying for it.
For real!? I cannot think of a worse cancer than twitter/X and the horrific abomination that it is cannot whither away quickly enough.
What possible benefit has Twitter ever offered mankind?
heartlessevil@lemmy.one
on 21 Aug 2023 04:17
collapse
@dril
kaitco@lemmy.world
on 20 Aug 2023 21:24
nextcollapse
I said this in another post, but I think it bears repeating:
Musk, whether he was paid to do this or not, is acting purposefully. This is all a grand scheme to fully dismantle what was once our global town square. Twitter was once a place where “the people” could hold politicians, corporations, and the generally wealthy accountable for their actions publicly. In the past year, the platform has become unsteady, blue checks are untrustworthy, and even the name has changed to something that causes one to pause.
I dislike the man as much as the next normal person, but all of this nonsense has been planned from the start. He’s not a complete idiot. These actions have been calculated steps to take away the voice of the people and eliminate a single source of truth as things get worse and worse.
TheGreatFox@lemm.ee
on 20 Aug 2023 21:32
nextcollapse
That is the result, but Elon is too much of a prideful idiot to do it intentionally. But it’s entirely possible some of the others involved were aiming for that.
Intralexical@lemmy.world
on 20 Aug 2023 23:27
collapse
It was the circus, not “our global town square”.
Mrkawfee@lemmy.world
on 20 Aug 2023 21:27
nextcollapse
Space Karen destroys Twitter.
solidsnake2085@lemmy.world
on 20 Aug 2023 22:20
nextcollapse
Not many people are going to sign up to do their financial transactions through a social media site run by a narcissistic dipshit. And that is his ultimate goal with this x everything app nonsense. Zero chance it becomes, as he predicted, the biggest financial institution in the world.
All he had to do to make twitter work was… nothing.
tetraodon@feddit.it
on 20 Aug 2023 21:58
nextcollapse
So with wildfires in Canada there’s evacuation zones near me, but I can’t click on some announcement links from the main site that shows the evacuation zones because they go to twitter and you need to log in now. I think they show some on other pages on the site but they do the quicklink to the twitter announcement in the sidebar so you have to click around a bit to get to it. Yes I know the name but whatever. My point being is when the social media site that was meant for short bits of info isn’t good for emergency notifications where everyone can read, it’s shitty and potentially harmful.
PrincessLeiasCat@sh.itjust.works
on 20 Aug 2023 23:47
nextcollapse
I’m sorry - as someone who has done some work with disaster response, this was one of my main concerns. When they threatened to take away NWS access to API without huge fees, I was honestly horrified. Thankfully they reversed that decision, but a lot of what my organization did was scour Twitter for official information and also personal accounts of folks who needed help/the conditions on the ground.
It is honestly a travesty that a resource such as this can be reduced to literal 💩 when people need it the most. I wish I had an answer, but I don’t. I hope more and more folks/orgs migrate to a suitable alternative(s) sooner rather than later, but the damage has been done. There’s always a percentage who never do, and you can’t fix that.
RagingNerdoholic@lemmy.ca
on 21 Aug 2023 03:49
collapse
Governments should either be operating their own systems for this or, hell I don’t know, why not just spin up a their ready-to-go Mastodon instance or something else in the fediverse not subject to the delirious whims of a petulant muskrat born with daddy’s money?
LightningHaqeem@feddit.dk
on 21 Aug 2023 10:11
collapse
Very much agree. I read that the Netherlands already did this!
Lon3star@lemmy.world
on 21 Aug 2023 00:36
nextcollapse
Regular effing Nostradamus
nutsack@lemmy.world
on 21 Aug 2023 01:03
nextcollapse
the guy didn’t even want twitter. the whole thing is depressing.
synceDD@lemmy.world
on 21 Aug 2023 01:14
nextcollapse
Redditors not posting about musk for 5 hours challenge (impossible)
SnowdenHeroOfOurTime@unilem.org
on 21 Aug 2023 09:39
nextcollapse
SnowdenHeroOfOurTime@unilem.org
on 21 Aug 2023 09:52
collapse
No, and I’m not sure how that would work. You’re whining about musk being criticized and apparently think this is reddit so I guess being confusing is your thing
grok, both reading comprehension and literacy of a 4 year old congrats true musk fan
SnowdenHeroOfOurTime@unilem.org
on 21 Aug 2023 15:21
collapse
The irony is that this term was invented by famous author. LMAO what an idiot. Is it fun mining negative karma or something? Seems a pathetically sad life to me
SnowdenHeroOfOurTime@unilem.org
on 21 Aug 2023 12:34
collapse
Yeah reddit v2 apparently the musk obsessed fanboys migrated here if elon speaks I must be informed about it
FlyingSquid@lemmy.world
on 21 Aug 2023 10:26
collapse
Or, you know, he’s the richest man in the world running a social media site extremely popular with governments and the media and ignoring that kind of thing might be a bad idea.
Should we stop our “obsession” with other political topics? And this is a political topic due to the aforementioned governmental involvement, Twitter’s effect on world politics, and Elon’s own attempts to control U.S. politics.
Properly categorizing content = gatekeeping lmao, even if that was how the word works then by your logic not letting me call it sub is also gatekeeping. I understand you hearx a new word today but google it before using it, musk fanboys are something else
FlyingSquid@lemmy.world
on 21 Aug 2023 10:42
collapse
I didn’t stop you from calling it a sub, you just keep calling this place Reddit and using Reddit terms and you’re just plainly wrong no matter how rude you are to me.
Rude? Calling out your mistakes and using your own logic against you after you try to accuse others with it is rude? That means you perceive correcting your vocabulary as an attack to your character, tfw being illiterate is your personality. I pity you
FlyingSquid@lemmy.world
on 21 Aug 2023 10:52
collapse
What mistakes have I made exactly? And yes, you’re being rude. For example, you called me illiterate in the very same comment you were indignant about my calling you rude. In fact, I will give you one more insult and then I’ll block you. Specifically because this isn’t Reddit and I will not tolerate Reddit behavior from anyone I talk to.
What mistakes? The word gatekeep? Aka the only subject of our last 2 exchanges? Youre either not paying attention or youre willfully ignoring my messages whatever. Falsely accuse someone, then double down and insult them when they call you out about it, literally elon musk behaviour congrats
FlyingSquid@lemmy.world
on 21 Aug 2023 11:19
collapse
And that’s insult number two. I did not insult you once. That is a lie. You are now blocked.
deft@ttrpg.network
on 21 Aug 2023 01:59
nextcollapse
genuinely convinced he may have intentionally destroyed twitter to make the next presidential campaign operate on a different field.
sounds crazy but without twitter or reddit, how do “the youth” communicate? tiktok? insta?
phillaholic@lemm.ee
on 21 Aug 2023 02:29
nextcollapse
I’d say that’s stupid, but so is every other idea he comes up with for it so who knows.
LostMyRedditLogin@lemmy.world
on 21 Aug 2023 03:32
nextcollapse
There’s no reason to speculate his motives. It’s obvious he didn’t want to buy Twitter when he was forced by courts to buy it. He was being an idiot trying to manipulate the stock price. I know it’s hard to believe a multi-billionaire can be an idiot, but it happened. There’s no 4d chess move. Rich people are fallible as everyone else.
cjsolx@lemmy.world
on 21 Aug 2023 02:46
nextcollapse
Would that have been worth $44b?
FlyingSquid@lemmy.world
on 21 Aug 2023 10:14
collapse
It wasn’t worth that much when he bought it. At most, it was worth half that. One of the many reasons why Musk is a fucking moron.
Big parts of the youth did not use twitter. Twitter had at its peak about 500mio active users. Instagram has 2.4 billion, tiktok 1 billion, snapchat 750mio. The relevancy of twitter is highly skewed, because the media used it a lot.
Wisely@lemmy.world
on 21 Aug 2023 08:28
nextcollapse
Wow crazy that so many people use those social media platforms. I have never used any of them.
magic_lobster_party@kbin.social
on 21 Aug 2023 10:27
collapse
I mainly use Snapchat just to keep the pointless streaks going. Never seen an ad in Snapchat for years.
MossBear@lemmy.world
on 21 Aug 2023 03:20
nextcollapse
The time of the Mastadon is at hand.
atrielienz@lemmy.world
on 21 Aug 2023 14:57
collapse
I need some other stuff to follow on mastadon. I mostly used twitter for writers and bands. And Gritty. Now I’m looking for stuff to follow on mastadon and coming up short.
MossBear@lemmy.world
on 21 Aug 2023 15:05
nextcollapse
I can understand that. It’s the sort of thing where to have something viable on the broad scale, Mastadon needs to have people invest in it before it becomes the ideal thing. More people, makes it more likely that the things you want to see on there will be on there eventually.
atrielienz@lemmy.world
on 23 Aug 2023 00:50
collapse
Yeah. Some people have given me pointers and I am very grateful. But considering I didn’t follow that many people on Twitter (I barely used it except for like book and album releases), I guess this is just my use case. Mastodon I don’t have to check but maybe like once a week or maybe every two weeks.
tony@lemmy.hoyle.me.uk
on 21 Aug 2023 15:13
collapse
The canonical way to get loads to follow on mastodon is follow @lisamelton@mastodon.social - she’s basically a human version of the algorithm, and will fill your timeline with boosts.
z00s@lemmy.world
on 21 Aug 2023 03:39
nextcollapse
Sure it’s his money but does anyone else feel legitimately frustrated at all the good that this money could have done?
Rich dudes have always had vanity projects, but there is no grand concert hall or library or university to come out of this. Just a ruined company with millions of wasted hours of effort. For nothing.
LegionEris@lemmy.world
on 21 Aug 2023 03:55
nextcollapse
The horrific opportunity cost inherent to having a billionaire class.
kameecoding@lemmy.world
on 21 Aug 2023 09:03
collapse
The nice thing about our economic system is that value is rarely completely destroyed, the money he paid for Twitter didn’t cease to exist, it went to former Twitter shareholders.
They may be using it in more productive ways than he ever would.
SpaceCadet@sopuli.xyz
on 21 Aug 2023 08:36
nextcollapse
broken window fallacy
DarkDarkHouse@lemmy.sdf.org
on 21 Aug 2023 08:40
nextcollapse
Consider whether Twitter was stifling some other growth. If you buy and burn down an advertising billboard, letting light into a market garden–perhaps that is beneficial.
Aceticon@lemmy.world
on 21 Aug 2023 09:15
collapse
Just to add a little explanation to those who don’t get it: the man-hours spent by people working for then Twitter now X as well as resources used, uktimatelly for producing no wealth, could’ve instead been spent for something that did produce wealth.
Same amount of input money either way, but one produces wealth (in the economic sense of the word rather than merelly monetary) and the other just wastes manpower and resources.
There has been value generated by Twitter that will outlive it though.
They established and refined an interface that other ventures like blue sky and mastodon are utilizing, and they delivered open source frameworks like Bootstrap will long outlive Twitter, and have brought value to the broader web development ecosystem.
Aceticon@lemmy.world
on 23 Aug 2023 16:05
collapse
I was just explaning the concept of a “broke window falacy” (funilly enough without using the actual example that gave the name to it) and how work merelly being done is not a gain and can actually be a loss because of the opportunity cost (i.e. the people and the resources could otherwise have been used elsewhere and actually produce something of worth).
Also I was just thinking about the Musk-era Twitter rather than the entire Twitter timeline.
As you correctly point out, Bootstrap is something of worth (I would be more hesitant on the “interface” side, as I worked in web interfaces back when they started and that stuff is just derivative and not especially great).
FlyingSquid@lemmy.world
on 21 Aug 2023 10:12
collapse
They may be using it in more productive ways than he ever would.
They use it to reinvest and hoard. Because that’s what the investor class does, which is why they’re useless.
A2PKXG@feddit.de
on 21 Aug 2023 08:55
nextcollapse
The money isn’t gone, it’s just changed hands
Prager_U@lemmy.world
on 21 Aug 2023 13:18
collapse
Money ain’t got no owners. Only spenders.
mPony@kbin.social
on 21 Aug 2023 11:18
nextcollapse
millions of wasted hours of effort. For nothing.
aah, Social Media in a nutshell.
MajorHavoc@lemmy.world
on 22 Aug 2023 03:38
collapse
You make a great point. Let’s spend hours and hours discussing it to death here. ;)
Rubanski@lemm.ee
on 21 Aug 2023 12:30
nextcollapse
Definitely prefer the vanity projects of the past. Libraries, city halls etc
MajorHavoc@lemmy.world
on 22 Aug 2023 03:38
collapse
Yeah. X makes various things named “Rockafeller” seem downright “not a dumpster fire” in contrast.
Sarcastik@lemmy.world
on 22 Aug 2023 06:17
collapse
Hyperloop, boring tunnels, sending cars to space, etc
Stop me when you’ve heard enough to believe this guy has obvious disdain for all of us.
RagingNerdoholic@lemmy.ca
on 21 Aug 2023 03:43
nextcollapse
In the same way that car fails when you deliberately drive it 100mph into a brick wall.
FlyingSquid@lemmy.world
on 21 Aug 2023 10:12
collapse
So you’ve got experience with Tesla’s autopilot function…
chowdertailz@lemmy.world
on 21 Aug 2023 10:23
collapse
Nailed it.
ImpossibleRubiksCube@programming.dev
on 21 Aug 2023 04:15
nextcollapse
“There are no good social networks right now…”
OR MAYBE JUST NO ONE CAN STAND TALKING TO YOU FOR TEN SECONDS, MUSK.
ImpossibleRubiksCube@programming.dev
on 21 Aug 2023 04:16
nextcollapse
To quote Amy from Futurama, “This is why you never see poor people with millions of dollars.”
popemichael@lemmy.sdf.org
on 21 Aug 2023 04:25
nextcollapse
Once it fails then someone will buy it cheap and rename it twitter.
Da_Boom@iusearchlinux.fyi
on 21 Aug 2023 08:35
nextcollapse
If there’s anything left to buy aside from tacky merch shirts. I’m sure the creditors will pick it clean and auction off the best bits to the highest bidder.
Hiccup@lemmy.dbzer0.com
on 21 Aug 2023 08:51
nextcollapse
Maybe, or maybe it’ll be another Bebo level disaster.
originally operated from 2005 until its bankruptcy in 2013
It was announced in January 2021 that it would be returning as a new social media site the month after. By May 2022, it had once again been shut down, without having ever left beta testing.
cazsiel@lemmy.world
on 21 Aug 2023 13:20
nextcollapse
Can’t someone else just make Twitter now tho?
roboticide@lemmy.world
on 21 Aug 2023 17:16
collapse
Facebook tried with Threads but overcoming ecosystem inertia is hard.
MajorHavoc@lemmy.world
on 22 Aug 2023 03:40
collapse
Bingo.
And since won’t get back all the staff he dismissed; they’re going to have to just slap the Twitter brand on a Mastodon instance.
MeanEYE@lemmy.world
on 21 Aug 2023 10:01
nextcollapse
I wouldn’t be surprised this is him urging his cult to buy monthly subscriptions. If we see higher tier subscription be introduced one of these days, that would be the reason for this fear mongering. That said, it’s awesome that he’s getting a reality check. You can be surrounded by as many yes-men as you want but people en masse don’t care and even if they do, they love seeing rich people humbled. No one misses a good shitstorm.
fne8w2ah@lemmy.world
on 21 Aug 2023 11:46
nextcollapse
Best part was he tried to chicken out of his own deal but the feds obv wouldn’t allow him back off on his very own proposal to buy Twitter in the first place!
turbonewbe@lemm.ee
on 21 Aug 2023 10:55
nextcollapse
Took over Twitter. Ruined it. Then : “The sad truth is that there are no great ‘social networks’ right now,”.
drathvedro@lemm.ee
on 21 Aug 2023 11:07
nextcollapse
How did he ruin it though? I hear that all the time but I myself haven’t noticed any changes. Well, except for a logo but that’s very minor
JustZ@lemmy.world
on 21 Aug 2023 12:21
nextcollapse
Wtf?
dragontamer@lemmy.world
on 21 Aug 2023 13:38
collapse
I myself haven’t noticed any changes
So you haven’t noticed the 80% reduction in staff leading to incredible amounts of Twitter Downtime, the rise in hate-speech due to the firing of the moderators, the loss of mainstream advertisements, and the replacement with ridiculous low-quality advertising because the mainstream advertisers have grown concerned about the hate-speech?
And you haven’t noticed the increase in downtime as the website continuously crashes? The loss of the blocking feature? The inability to block Elon Musk specifically? (and how he keeps appearing on everyone’s feed even when you try to get rid of it?). The loss of API access?
Comment quality and overall quality of discussion has declined significantly on Twitter as well, as Twitter has fallen from top10 on the App/Play store to #55 or later, because it turns out that Americans are too stupid to search for “X” rather than “Twitter”. There has been a precipitous decline in the already crappy quality discussion.
Finally, Threads and Mastodon have sucked out many high-quality posters and sub-communities.
EDIT: Oh yeah, and this weekend a new bug has cause all media from all tweets older than 2014 to disappear.
c0mbatbag3l@lemmy.world
on 21 Aug 2023 18:32
collapse
Twitter was never great, just reactionaries yelling about shit they only know 15% of.
OceanSoap@lemmy.ml
on 21 Aug 2023 13:41
nextcollapse
I think he probably would have made it work. The death knoll was certainly changing the name to X.
Snapz@lemmy.world
on 21 Aug 2023 14:52
nextcollapse
“Man internationally, violently and repeatedly stabbing victim in the face now warns that victim may die of facial stab wounds.”
farken@lemmy.world
on 21 Aug 2023 13:55
nextcollapse
Can we start a gofundme to persuade him to take over Facebook?
CileTheSane@lemmy.ca
on 21 Aug 2023 19:59
collapse
If we make Facebook to go to place to talk about Elon he’ll do it out of spite and narcissism.
Adderbox76@lemmy.ca
on 21 Aug 2023 16:27
nextcollapse
Dying is the entire point of it. If it dies, it becomes infinitely more difficult for the authorities to subpoena tweet histories of certain orange pieces of shit and his cronies.
It doesn’t stop them from getting that history, of course.
But the legal rigamarole of trying to get tweet history from a company that technically doesn’t exist anymore (It’s X, not twitter), and later on no longer even functions (servers shut down), might just delay things long enough to make a difference in the upcoming shit-show.
Corkyskog@sh.itjust.works
on 21 Aug 2023 17:00
nextcollapse
So the conspiracy is that Musk paid like 20+B and the Saudis paid another ~10B just to keep Trump out of prison?
cantstopthesignal@sh.itjust.works
on 21 Aug 2023 17:13
nextcollapse
I think the most logical explanation is that the Saudis paid Musk to kill it. Arab spring was organized on Twitter and a lot of Saudi dissidents were and are actively using it to expose and criticize their government.
roboticide@lemmy.world
on 21 Aug 2023 17:15
nextcollapse
And as if they didn’t already subpoena that information before actually filing charges either. They were already investigating for months before Musk bought Twitter.
This is one of the dumber conspiracy theories I think I’ve ever seen. Why are we attributing some clever political maneuver to Musk when it’s clear he just made an unprecedentedly stupid business decision?
c0mbatbag3l@lemmy.world
on 21 Aug 2023 18:27
nextcollapse
The only “conspiracy” surrounding the Elon Twitter acquisition is his market manipulation strategies using social media.
This is just dumb as fuck, there’s no way he even cares about Trump let alone enough to devote billions to it. Billionaires don’t care about the president because they know their economic future rests in the Senate and potentially judicial branch.
Corkyskog@sh.itjust.works
on 21 Aug 2023 19:41
collapse
Yeah, my belief is he was trying to manipulate his Tesla stock through the Twitter offer. He thought he could get out of it (because the SEC doesn’t do jack shit and he always gets his way), but then when he realized this is (a big money play, where the other side actually has power too) different and thought well might as well buy the platform to make it more easy to manipulate the platform (making lemonade out of lemons).
Now he is starting to see that he is losing eyeballs and you can’t use a social media platform for market manipulation if everybody leaves. So just a bunch of desperate attempts to try to trap people onto the platform, all backfiring worse than the precious idea.
CileTheSane@lemmy.ca
on 21 Aug 2023 20:02
collapse
That didn’t fit with his limiting how many tweets users are able to view.
Don’t attribute to malice what can be explained by incompetence. He’s an idiot with money.
dragontamer@lemmy.ca
on 21 Aug 2023 20:42
collapse
That didn’t fit with his limiting how many tweets users are able to view.
The theory behind that is that Twitter failed to pay for their web-services and needed to suddenly cut traffic, otherwise they’d be shutdown by Amazon / Google.
After Twitter paid Amazon/Google, they raised the tweet view-limits appropriately, but the damage was already done.
circuscritic@lemmy.ca
on 21 Aug 2023 20:20
collapse
So the conspiracy is that Musk paid like 20+B and the Saudis paid another ~10B just to keep Trump out of prison?
Think about it, it makes perfect sense.
Err… Actually, let me rephrase that:
Don’t think about it, it makes perfect sense.
Corkyskog@sh.itjust.works
on 22 Aug 2023 03:32
collapse
They already got his DMs, what more could there be? Wouldn’t it make sense to just encourage Trump to use Twitter, create a TruthSocial group or something and then just shout “free speech” and change absolutely nothing. Lol that might have actually been profitable, as the media would play along as they have no where else to go. All Trump has to do is win the next election and he is golden. He will be dead by the end, and if not he could just fly to retire to some country with a slow extradition policy… or probably most small countries realistically as they wouldn’t want the political shit storm of dealing with complicated domestic-international politics
vimdiesel@lemmy.world
on 21 Aug 2023 20:27
collapse
They already got Trump’s DMs from twitter. Twitter actually fought it and had to pay a $350,000 fine for not turning the DMs over immediately. I think that Musk doesn’t like his fellow right wing cultists from being blocked/ignored by regular people and liberals. Hence his recent comment that he was going to remove the ability to block anyone on X. Of course lots of people immediately said that they’d leave because angry right wing stalkers doxxing them and such.
nutsack@lemmy.world
on 21 Aug 2023 16:33
nextcollapse
thanks for nothing you clown
Lucidlethargy@sh.itjust.works
on 21 Aug 2023 17:02
collapse
I mean, Elon sucks, but I am kind of happy to hear Twitter might fully die. I’ve always hated the idea of forced character limits.
The world needs more critical and expansive discussion, not additional reasons to summerize and minimize important topics into long headlines.
DulyNoted@lemmy.world
on 21 Aug 2023 18:09
nextcollapse
I think it’s just a human problem. You or I may like to read long form journalism, but we’re in the extreme minority. It’s not dying because it was so hugely profitable.
Logistically too, if you’re trying to parse through the top 100 tweets in a day, and each one takes multiple paragraphs to get to the point, the amount of various viewpoints the average person is able to interact with shrinks dramatically.
Granted, it seems like everyone is taking the forced brevity as an excuse to just write +1 to pile onto their side, since that’s easier.
maniclucky@lemmy.world
on 21 Aug 2023 20:05
collapse
I feel like there has to be a medium between “Tweets that shoot context in the head” and “Autobiography attached to a macaroni and cheese recipe”. The need for sites to keep you there encourages complete nonsense that doesn’t contribute to the thing I’m there for, and so turns me away from long form anything. I got shit to do and a thousand articles competing for attention, most of which were written by bots and contain nothing. The whole scheme is just broken.
I feel like I had a thesis when I started this comment and I forgot where I was going…
scarabic@lemmy.world
on 21 Aug 2023 19:22
nextcollapse
In the case of longer form thought, Twitter provided links. What’s the problem?
vimdiesel@lemmy.world
on 21 Aug 2023 20:24
collapse
People just like to rage over things on the internet. I suspect they also don’t know how to get to the fkn point rather than ramble like they’re waxing poetic on a topic. Reddit is full of that shit.
executivechimp@discuss.tchncs.de
on 21 Aug 2023 20:35
collapse
…they said concisely in a short internet comment.
Thisisforfun@lemmy.world
on 21 Aug 2023 20:47
collapse
He was free to ramble on for thousands of words though
jeanma@lemmy.ninja
on 21 Aug 2023 16:39
nextcollapse
if it dies, will he have to pay the debts ?
randon31415@lemmy.world
on 21 Aug 2023 19:02
nextcollapse
Man who bet billions that Twitter would fail is upset that it hasn’t already.
circuitfarmer@lemmy.sdf.org
on 21 Aug 2023 19:44
nextcollapse
X may fail. Twitter didn’t fail. Twitter was bought by a twat who decided to shut it down piece by piece.
Don’t forget Twitter was already in big problems operating at a loss in a lot of its existing years. It’s definitely plummeting even further with his decisions though.
Borkingheck@lemmy.world
on 21 Aug 2023 22:37
collapse
I wish I could operate at a loss and be given billions of pounds.
Odd_so_Star_so_Odd@lemmy.world
on 21 Aug 2023 19:49
nextcollapse
How long does it take to roll some video akin to tiktok and snapchat into it? Weed out all the bots at the same time by demanding fotoID and root out all the dirtbags abusing the app at the same time.
Texting and chatting is so last decade anyway just leave it as a remnant of its birdie roots.
If it fails Meta will likely have to be broken up, their monopoly on social media is outrageous these days.
SirQuackTheDuck@lemmy.world
on 21 Aug 2023 22:15
nextcollapse
Weed out all the bots at the same time by demanding fotoID
Fuck that, you’ll also exclude most EU countries since that’s an overreach of privacy.
If it kills Twitter and Meta get a hit at the same time, it’s only a win.
grue@lemmy.world
on 21 Aug 2023 23:41
nextcollapse
If it fails Meta will likely have to be broken up, their monopoly on social media is outrageous these days.
As if it doesn’t deserve it already, regardless?
dynamojoe@lemmy.world
on 22 Aug 2023 00:34
nextcollapse
Weed out all the bots at the same time
They don’t want to do that. That would destroy a significant chunk of their userbase and make X look weaker.
What’s the point of copying TikTok? Given Elongs record, it would be done haphazardly and badly. But even if they pull it off, the audience won’t switch over. Or else they’d come back to instagram when they added TikTok features.
ininewcrow@lemmy.ca
on 21 Aug 2023 19:55
nextcollapse
I have a feeling that that was the plan from the beginning.
The elite don’t like seeing common people have an open forum where they can all talk about how terrible their lives are, that their terrible lives are caused by the elite and that the common people should figure out what to do about it all.
Mowcherie@lemmy.world
on 21 Aug 2023 21:30
nextcollapse
It’s perhaps stupider than that. The guy couldn’t take getting made fun of on Twitter, so he bought and killed it.
Rich people don’t like being made fun of … but you know what upsets them even more? Poor people realizing that they can make fun of them long enough and often enough to realize that the world should get rid of obscenely rich people.
Sarcastik@lemmy.world
on 22 Aug 2023 06:05
nextcollapse
This is a really lazy take. The elite have forever wanted to control the common people through the manipulation of laws, economy, news,etc. That’s why the Saudis put up the majority of the loan to enable Elon to buy it…so they could gain control over public dissent and white wash their abhorrent public image.
Meanwhile, Elon’s a glorified troll with a god complex, who wants to build his own clubhouse for more extreme right wing content.
subverted a major platform where common people were actually debating real life problems with one another in a constructive way
filled it with far right rhetoric to promote extreme ideology and keep people occupied, fighting and divided so that they can no longer organize against the rich
suction@lemmy.world
on 22 Aug 2023 06:20
nextcollapse
touch grass
brey1013@lemmy.world
on 22 Aug 2023 12:12
collapse
Lick boot.
MeanEYE@lemmy.world
on 22 Aug 2023 12:06
nextcollapse
That would imply him possessing ability to think that far ahead.
I don’t get this take - because if this was the plan, why not just shut Twitter down straight away instead of whatever is going on right now?
The actions of the platform don’t indicate they’re trying to kill it, just that they have really bad ideas trying to make money off it.
InternetTubes@lemmy.world
on 21 Aug 2023 19:57
nextcollapse
Elon Musk has gone about trying to drive Twitter into the ground while doing everything he can to maintain plausible deniability that he wasn’t. Literally biggest example of big money misused to influence social networks.
DogMuffins@discuss.tchncs.de
on 22 Aug 2023 10:18
collapse
What would be the objective here though? It just scatters users to other platforms. I don’t really understand why anyone would want that ?
30mag@lemmy.world
on 21 Aug 2023 21:04
nextcollapse
Nothing of value was lost.
DauntingFlamingo@lemmy.ml
on 22 Aug 2023 12:32
collapse
ThisIsMyLemmyLogin@lemmy.world
on 21 Aug 2023 23:28
nextcollapse
Now all he needs to do is to connect his own management of Twitter to its failure.
MajorHavoc@lemmy.world
on 22 Aug 2023 03:36
nextcollapse
Of all his managerial feats, I’m confident that one is beyond him.
Sarcastik@lemmy.world
on 22 Aug 2023 06:00
collapse
Wishful thinking
n3m37h@lemmy.dbzer0.com
on 22 Aug 2023 02:18
nextcollapse
I wonder how much money the govt will give him now that he lost 44 bil… ya just know that is what will happen
DauntingFlamingo@lemmy.ml
on 22 Aug 2023 12:31
collapse
Yes hello I am Normal Citizen. Where do we go for the money?
suction@lemmy.world
on 22 Aug 2023 06:19
nextcollapse
All of Musk’s shit will fail, it’s just a question of ‘when’ not of ‘if’. That includes Tesla.
KRXWNVXK904@lemmy.world
on 22 Aug 2023 06:41
nextcollapse
I always thought that the name was changed to something way more unappealing and doesn’t have anywhere near the same ring to it as “Twitter”. It’s kind of cringe imo. Like he was trying to make it seem like this was something so groundbreaking and new that it was deserving of one letter, “X”. I’m not surprised it’s going to flop.
His projects, perhaps. Most likely not. He himself will never face consequences for any of the problems he has caused. Law doesn’t exist for the rich. You can stall, bribe, move to a different country, buy immunity, buy witnesses. Do whatever you want and can to make the problem go away… and it will go away. Even if he does get convicted of anything punishment will be stern look and “now be good, okay?”…
sebinspace@lemmy.world
on 22 Aug 2023 06:28
nextcollapse
Do a flip!
theywilleatthestars@lemmy.world
on 22 Aug 2023 06:31
nextcollapse
🍌We’re all trying to find the guy who did this
golamas1999@lemmy.world
on 22 Aug 2023 06:45
nextcollapse
It almost like he isn’t actually a genius but narcissistic grifter who can move money around.
DauntingFlamingo@lemmy.ml
on 22 Aug 2023 12:29
collapse
Who can move Daddy’s money around. He never would’ve had a shot coming from blue collar origins.
brey1013@lemmy.world
on 22 Aug 2023 12:11
nextcollapse
Shocked! Shocked, I tell you!
Shiki@lemmy.world
on 22 Aug 2023 12:19
nextcollapse
Remember when the libs were praising musk with everything he did?
What changed was the media telling them not too anymore
LambentMote@lemmy.nz
on 22 Aug 2023 12:25
nextcollapse
What changed is that unchecked power and increasing public presence have caused his behaviour to become increasingly erratic, exposing him for the charlatan he is.
There were many factors that changed people’s opinions of him, and for me it has absolutely nothing to do with “the media.”
Remember when he randomly called a guy a pedophile on Twitter who saved the kids in the cave rescue, all because they didn’t use his submarine idea?
That was the turning point for me 5 years ago, and he’s gone downhill ever since. The reason he was the golden child of tech for many left leaning individuals is because he was pushing forward electric vehicles in a manner no one else had the will to.
He also happens to be a piece of shit as a human being… Nothing to do with “the media.”
I sense a new dictionary definition of self-fulfilling prophecy coming up…
Red_October@lemmy.world
on 22 Aug 2023 14:05
nextcollapse
“I’ve been drilling holes in the bottom of my boat to shed weight, but now I’m having trouble keeping it afloat and there’s nothing I can do about it!”
epigone@lemmy.world
on 22 Aug 2023 14:33
nextcollapse
moving the goalpost. twitter was originally developed to be a “news service” not a “social network”
threaded - newest
This is the best summary I could come up with:
Meta launched its X rival called Threads on July 5 and quickly amassed more than 100 million signups, Time magazine reported, citing data from Sensor Tower.
Musk’s efforts to purge the platform of bots and turn it into a “super-app” don’t yet appear to be working.
Activist Monica Lewinsky urged him and CEO Linda Yaccarino to “rethink” the move.
as an anti-bullying activist (and target of harassment) i can assure you it’s a critical tool to keep people safe online.- that woman
as an anti-bullying activist (and target of harassment) i can assure you it’s a critical tool to keep people safe online.
In May Fidelity wrote down the value of its stake in the company then still known as Twitter, giving it a value of about $15 billion – or just a third of what Musk paid, The Wall Street Journal Reported.X didn’t immediately respond to a request for comment from Insider, made outside normal working hours.
The original article contains 326 words, the summary contains 158 words. Saved 52%. I’m a bot and I’m open source!
“Here’s 44 billion USD, I might fail though ¯\_(ツ)_/¯”
Genius.
Especially because he could have bought it for so much less.
!enoughmuskspam@lemmy.world
very ironic to create an entire community about the person you hate.
To hate on them, obviously.
It’s so that people who want to read up on Musk drama can do so, and everyone else just needs to ban one community and isn’t annoyed by this shit in every single tech community every time Musk breathes.
I agree about being annoyed by it, but these enough XYZ spam communities are built to attract people who don’t want to hear about XYZ.
It makes no sense.
They’re created for the opposite reason. So people that want to read about it can go there, and the rest of us don’t need to see it 24/7
No one who likes Elon musk is going to visit a community call EnoughElonSpam.
If that was the actual goal, call it MuskNews or something.
You still, still are missing the point. If you’d like we can have a third person explain it to you again.
Because he’s doing everything to make it fail and destroy the platform, isn’t it obvious?
I truly think this is all his fucking up, nothing else. He was trying to take away features that probably align with the people who gave him money, but had no idea how to make it work and make money and is desperate. Desperation makes you even more stupid.
I don’t see the conspiracy.
My assumption is the investors immediately got what they wanted. They are not stupid.
Money men don’t hand over money to these front men based on promises. This isn’t a Hollywood movie. There was an immediate pay off.
They got SpaceX stock.
Investors will absolutely hand over money to front men making bad, even obviously insane, promises, though. People are always more easily manipulated than they like to believe, but people who’ve convinced themselves they’re infallible titans of industry are even more vulnerable to it. (Especially the ones who think that they see through the scam and won’t be left holding the bag.)
I didn’t say it was a conspiracy. I said they gave him money after he was already fucking up by paying around 30 billion more than it was worth, firing all the people that did stuff, and generally being a bad CEO so he would do what they want. More of a typical business deal really.
Actually they may not be worth much either.
www.youtube.com/watch?v=vYURUiOjZSw
Thunderfoot has spend a lot of time analyzing most things Musk, and SpaceX specifically does not have a market (TAM) to achieve what they claim.
Money men get conned so fucking often it isn’t even funny.
So you’ve never heard of theranos or we work?
the only not-on-purpose piece was him having to buy it. idiot was forced to buy twitter, and then turned it into a "lets burn down a bastion of liberal speech" amongst his friends. he knows he wont suffer in any conceivable way, the saudis who fronted a huge chunk get what they want.
this was all setup shortly after he was forced to buy it. every step he has made since is in the playbook of "ruining your business", including mistakes he has personally made before.
It is tremendously obvious, I agree. At one point it felt kinda hyperbolic to say, but not for awhile now.
I'm not knowledgeable enough to be able to speculate what's in it for him, but it's 100% obvious that's what's being done.
He might call him self pro free speech, but he actually hates it (as long as it’s not his own free speech). Getting rid of Twitter is a massive blow to free speech. One less platform where he and his companies can get outed and criticized on.
I subscribed to the conspiracy theory of the banning of the jet tracker
It’s less nefarious than that. He wants to be a championed business leader. He’s just a fuck up who was forced to buy a platform that he never actually intended to buy (except for maybe a couple of days when he first suggested it). Sure, it will help his side when he runs it into the ground, but that’s not his intent despite being the cause.
Twitter was becoming another walled platform (not being able to read the content without being logged in) even before Musk’s take-over.
I’m happy for any walled platform to fail. IMO they have no place on internet.
I keep thinking there must be some high level plan here to destroy twitter for the good of humanity. I mean it’s that or Elon actually just is that stupid. At this point the latter seems the most likely …
If he was destroying it for the good of humanity he would have to somehow destroy the concept of it rather than a single platform.
Probably best spending 40 billion on education in the harm social media can do lol.
I really do think he’s just delusional. I won’t call him an idiot because there is clearly intelligence and talent in his head, but he’s gone off the rails in some capacity whether it’s mental health issues or power crazed or who knows.
It’s probably drugs. He changed a lot the last few years.
Definitely.
You answer jibes with what I have seen plenty of while working with and funding serial entrepreneurs in the Valley: micro-dosing, coke, molly, steroids, random herbal shit, off-label usage of pharmaceuticals, trendy nootropics, blood transfusions, ayahuasca, and Adderall.
Lay off the Kava Elon!
No he hasn’t. The management of the old x.com (the one that got bought by paypal) threatened to walk if Elon wasn’t removed from the office. He was always this incompetent.
You’ve got it back to front imo. Twitter was a useful tool for disseminating info, whether for protest movements, political movements, whatevs. Pre-Musk, there was a degree of control on twitter re disinfo, harassment, hatred etc. Now, it’s no longer a useful tool for leftwing people to gather and share their thoughts; it’s no longer a useful tool to disseminate information; it’s no longer a tool for rallying protestors.
Look at who invested (Saudi kingdom); look at when Musk took it over (mid-terms); it seems pretty obvious to me that the takeover was a very expensive purchase to make the actions of oligarchs & despots that much easier.
Wah, every other platform is a left wing mouthpiece. But you want your cake and to eat it too? Listen to yourself.
You’re free to “make your own” website. Remember that?
you can always go to “truth social” or whatever that crackpot cooker platform is called if you want a safe space
Never ascribe to malice what can be ascribed to stupidity.
A bad rule of thumb. Weaponized incompetence is a thing.
Twitter was not the golden bastion to humanity you think it was.
That’s my point. In theory Elon realized how toxic it was to public discourse and sought to destroy it.
If you look at his actions and the actions of a competent person trying to destroy the platform, they are virtually identical
What if Elon was encouraged to buy twitter by people who knew he would fuck it up in short order for them?
If you want to take down a corporation, there’s two main ways right now. Have Elon take charge, or have Ken Griffin short them into the cellar.
What about Elon Musk makes you think he’d do anything for the good of humanity?
That was my original thought when he came on and immediately fired 75% of the staff. It's not some savvy slimming down or cost-cutting. It was more like a wrecking ball.
It was fairly clear that his overall desire was the make the platform less useful for liberals and more for conservatives. It seems like he is content to destroy it if he can't achieve the latter.
No, you don’t throw away $44 billion just for shit and giggles, not even if you are as rich as Musk. Musk is (probably) a narcissist who thought he could make it work in his delusional mind.
He wanted a mouthpiece for the MAGA crowd, and he probably thought the desire in the population for it, would make it succeed, if he made the platform embrace that. He probably envisioned himself as a great liberator, who would be celebrated for bringing free speech back to America.
Musk has been losing it for a long time, and it seems to only get worse.
Who could of forseen brands not wanting to advertise over hate speech that would turn off half their customer base? I’d love screenshots of my companies products floating around next to seasticas and racism.
Yes that’s so strange, think of all the extra attention the controversies create!! I bet he planned to double the prices for advertising.
I think a lot of “hardware” people underestimate software. Historically, hardware was way more complex but the hardware problems have kind of been solved. There’s only so many ways to design a phone or laptop. Software, meanwhile, has only become more complex and challenging.
I agree, but I don’t see the point in this context?
The software to build and run Twitter, is probably not worth much besides for running Twitter. No Twitter means no value in the software for it either.
I think they meant Musk thought managing development of the Twitter software would be easier than it was, given his prior… Involvement with Tesla and SpaceX.
Ah yes, I can see that could make sense. But I think Musk considers himself as much a software guy as hardware, because he works with AI for Tesla. Putting him somewhat on the cutting edge of software too. Twitter should be child’s play by comparison.
Of course Musk has managed to bring Tesla from a competitive position to be way behind the main field, with just a few very stupid decisions. Mercedes, GM and Waymo are now way ahead of Tesla, and Nvidia and MobilEye are probably ahead too.
Of course Musk is now attempting to slow AI development overall, because he is way behind. With suggestions like preventing AI development until we have better regulation and understanding. He is trying to repeat how he stopped investments in public transport with hyperloop. Only this time with AI, because he is losing that battle badly.
He’s being bankrolled to keep it up and running for the next election. It will be interesting to see if the money runs out.
Nah Saudi money goes deep
Also, I don’t think a narcissist would intentionally and publicly humiliate themselves the way Musk has done (Not a psychologist).
Absolutely true, being humiliated is just about the worst thing for a narcissist.
An example of that, was when Elon Musk called the diver who actually rescued 13 children in Thailand a pedophile. Imagine that, calling the hero of the day a pedophile because you are butthurt!!
No they definitely don’t like to be humiliated, they probably feel that a lot more deeply that non-narcissists. But at the same time, they lack the self-awareness that would help them avoid getting into situations that would lead to humiliation.
Why not? Elon Musk is famously on ketamine, ambien, and a whole slew of mind-altering substances.
Given how the contract was written, and given how much Elon Musk fought against the contract, it was obvious that he made a short-term decision (likely while high on some substance), and then quickly regretted buying Twitter. Within a week or two, he started a court case to NOT BUY TWITTER, despite signing an ironclad contract.
In my mind, its really fucking obvious what happened. Elon Musk partied a little bit too hard with some mixture of ketamine+ambien+alcohol, it mixed weirdly in his brain and he made a bad decision. A few days later, when he sobered up a bit, he realized how shitty of a decision he made but it was too late to roll things back.
Everything else Elon Musk has done is just… shitty reputation management. He’s trying to convince the world he’s still got it, despite making a bad (possibly drug-induced) decision
He made a huge mistake, either because he was under the influence, or because he is delusional. That doesn’t mean he actually intended to throw out $44B just for shit an giggles. Obviously he didn’t when he sobered up.
“He cannot be that self deluded.”
Narrator: He was.
Your delusion is very strong, congrats
I wonder if he ever had it.
That’s like saying “my car may fail after I poured sand into the gas tank and replaced the electrical with speaker wires”
I think that’s obvious to everyone. But, if you’re claiming he’s doing it on purpose… That’s just some next level batshit conspiracy theory.
Is it? He’s either a moron or he’s doing it on purpose. There is simply no other explanation.
At this point it’s just too many dumb decisions, if he had done absolutely nothing after taking over he’d be better off than he is now.
Delusional rich guy who’s nowhere near as smart as most people thought he was is the most simple explanation. He’s obviously got some kind of god complex and thinks he’s right about everything.
I mean he has been called a real world Tony Stark for the last decade. Maybe that went straight to his mushy brain and he is still on that high. Back in the day he listened to experts, now whenever he’s at SpaceX they employ “Elon handlers” who just nod to every suggestion and then try to get rid of him.
He got too much positive press and lost it.
God knows how a wannabe Steve Jobs who bought into all of his companies ever got compared to Tony Stark.
He looked like a real world Tony Stark when he was surrounded by teams of smart people doing all the hard parts and PR for him.
What we’re seeing now is pure unfiltered Musk. He was probably always like this, but now he’s off the leash.
If you look back at his ‘making us as multi planet species’ era he had a lot of the same traits but since buying Twitter it’s gone off the charts.
Probably because so many of his big ideas didn’t pan out, when he was talking about Tesla being about the production line not the car I was optimistic but his factories never scaled like they were supposed to, never really got where they needed to be and I think it became clear they weren’t going to get there.
I think he’s had a lot of ego damage and it’s messed with his head
The first one. He’s stupid
Occam’s razor and all that. He is simply a low intelligence person with a fuckload of money.
I mean… he is a moron.
Not sure I agree. I think it would be totally in character for him to want to destroy Twitter just because they forced him to buy it. He’s a petty troll and can afford to lose that money just to show them.
How does destroying it hurt “them” he already bought it? They cashed out way over the value of the company. If I was any major shareholder of Twitter that he bought out Id be gleefully laughing at him running it into the ground now that I’m no longer invested.
True, I didn’t think it through. I stand corrected.
Spite isn’t rational.
I think in the end he will want you to believe that. And will be glad if you do.
I don’t know. The way it’s going down, it really makes him look like an idiot. He could have just flipped the switch and turned it off as a massive demonstration of power.
Instead he’s making one mindboggingly stupid decision after another, showing the whole world how utterly incompetent he is.
The most logical explanation for me is the easiest one: if he’s making stupid and incompetent decisions, maybe he’s just stupid and incompetent.
You’re saying the guy that has done nothing but look like a total fool for years could actually be a total fool? By the gods, I think you’re onto something!
People told me I was crazy when I said he bought it to shut it down. Look who he hangs out with, people with a fuckton of money who hate free speech. Very powerful people who control media empires and run oppressive regimes.
He might be stupid, but the people pulling his strings aren’t.
Like others have said, bullshit. He’ll drive it into the ground and pretend that was his plan the whole time, like he’s some undercover genius three steps ahead of everyone, when really he’s just constantly playing catch-up with his narcissistic outbursts.
He can still turn it into a porn app
Make it a hook up site, might as well. He can do financial transactions like he wanted to.
Honestly, might’ve been better off trying to turn a porn site into an everything app. The internet was built on porn after all.
Thank you for reminding me that the company best set to compete with YouTube is PornHub.
“The only real mistake is the one from which we learn nothing.”
I wonder this a bit as folks flock to Bluesky. I mean, Threads is just right out there, but Facebook always has been so that demographic was going to be there anyhow. The people flocking to Bluesky because they don't like Musk had better hope Jack Dorsey doesn't turn out to be nuts now, right?
I feel like this whole debacle should have pumped up the various bits of the Fediverse more than it has.
Dorsey really trusts Musk's "mission to extend the light of consciousness", which I think says enough.
X? Can we collectively decide to forever call it “X, formerly known as Twitter” just to piss him off?
I like the most recent The Verge variant: Twitter, X, or whatever it’s currently called…
TwiX is unfortunately already taken.
Damn, I could go for a twix bar right about now.
I call it Xitter. The X is pronounced with an “sh” sound.
Exitter is also a valid prononciation
Better to just call it “The site formerly known as Twitter” and don’t mention X at all. That would piss him off more.
“…posted on social media…”
Ooh, even better!
I saw someone on Mastodon say something along the lines of "I'll continue to deadname Twitter for as long as Musk continues to deadname his daughter" and I love that sentiment.
daaaaaaamn. That's brilliant.
Seems like it will be the website formerly known as existing soon enough.
I just call it Twitter. Just like I call the (former?) rapper Kanye West. I don’t cater to the whims of the 1% if I can help it.
For the record, It wasn’t failing until Musk came in.
It also wasn’t really successful before he came in either. It rarely was profitable and usually operated at a loss.
I mean Musk has seemingly made every bad move imaginable, I can only imagine the ideas he’s been talked out of.
It was losing money, but not much. They could have made some minor changes to make it profitable. However ~8000 people were making good salaries working for them, and tens of thousands of people and businesses benefited from the platform. Now it's much smaller, less useful, and still not profitable.
It was barely profitable but had some one time write offs that pushed it down. It should have returned to barely profitable. But a barely profitable company can become ok profitable with small changes.
Twitter’s success wasn’t monetary. The success came in allowing ordinary people their soapbox at a global town square.
Look at what happened to the price of insulin with a single tweet made back when all the blue checks were in complete free-for-all. A single tweet, made by a random person, thoroughly changed the shape of that one industry. Twitter gave “power” to the people, and those like Musk weren’t comfortable with that.
Ugh. This “global town square” nonsense needs to die.
Twitter’s business was selling ads. They don’t give a flying festerooni about fostering a healthy public discourse. Nearly every part of the technical and UX design was actively hostile to “the people” being able to express themselves in a meaningful way— The entire premise was a character limit that while fun also made it literally impossible to provide meaningful context or nuance to anything, and whether you were just scrolling or trying to reply to people, you never got to see anybody else’s honest opinions either but instead you were fed a carefully algorithmically curated drip of out-of-context ragebait and feelgood fuzzies designed only to keep you stimulated enough to keep on scrolling so they could report a higher number to investors in their next quarterly report and sell you to more ads.
The entire place was always an artificial environment designed to prey on and monetize your attention span; Unless you were replying to somebody you knew, it was never a place for any kind of authentic interaction, much less some kind of grandiose “global town square” that “gave power to the people”.
Twitter may have given certain individuals the tools at some points to trigger positive change. The insulin example was probably the best-case-possible outcome from Musk’s fumbling of the verification system, but it was an accident. And in the meantime, when Twitter does get used deliberately, it has spawned a terrorist group that has murdered and enslaved thousands of people, turbocharged the decline of the most powerful and wealthiest country in the world towards either autocratization or polarized paralysis, and fueled many, many actual full-blown civil wars. (This is what happens when your revolution isn’t built on solid foundations.) Plus, you know, all the harassment, stalking, rape and death threats, political interference, privacy concerns, mental health effects, and actual bots used by malicious actors (which reputable sources tend to estimate at tens of millions in number).
Twitter’s a corporation. They never cared about being a “town square”, only about being seen as such by users so they could line their own pockets. And Elon Musk is just an idiot. He’s not some scheming genius (though he clearly tries to be); he’s the same as any rich idiot discovering the hard way that no amount of ego will make up indefinitely for lack of competence.
It’s just the way they are, no silly conspiracies or battle between good and evil required. Twitter’s amoral, rather than immoral, and Musk is immoral, but it’s in a flailing self-destructive way rather than a conniving Machiavellian way. They’re acting out their nature, and we get caught up in it.
How many actual terrorist groups were we going to let this corporation create in their pursuit for profit before finally admitting that maybe the entire idea was bad from the start? Currently, the immoral idiot is destroying both his own credibility and also the amoral corporation for us all, and really, this is probably almost the best possible outcome.
Thank you, finally. It was nothing more than the internet's comments section.
i was no fan of twitter, but it was on a path to achieve some financial stability. It had plenty of value as a mechanism to distribute emergency (or other) information quickly. was and had being the operative words here.
It isn't failing, Musk is failing.
LOL!
Somebody please do not tell him of the Fediverse. Let him believe that there is “no great social networks right now”.
Wait, wait! Musk, go to Reddit! Your admirer Spez would love to have you on board. You can pump your billions into Reddit, give Spez a comfy position where he won’t have to worry about money again and just fuck that place up too!
Musk tried to fix something that was not broken, and it almost always is a bad idea.
But he’s a rocket scientist and a computer scientist!! (\s he’s neither)
I think even that was not realistic, and back in May things were not as bad yet as they are now at “The thing formerly known as Twitter”. I doubt anyone would buy it at even half that now. Musk added a debt of $20 billion, that’s about what it was worth at the time Musk bought it.
With that debt, the company became basically worth Zero. Even at the estimate when Musk bought it.
If the $20 billion debt was somehow removed, it would still be worth less than $10 billion. Meaning that its current actual worth is probably below negative $10 billion! Meaning the only value is the tax value of the deficit. And no creditors get paid. It’s basically already bankrupt, unless someone pumps in more money, and I’m not seeing that happening with a company as bad as “The thing formerly known as Twitter”.
Seems like the only way forward now, is bankruptcy and maybe reconstruction after selling the company without the debt for peanuts.
Most of the value was probably with the brand itself. Which he then tossed away. Genius.
Yes, and even the name is probably almost worthless now, he has massacred everything including the original name. It’s to bad, because the original concept was OK, and could probably have survived without the insanity Musk brought.
I wonder what term will replace tweet... it worked so well. Oh I tweeted this last night...
People aren't going to say I X'd that last night. Sure you can say I posted something on X or I dunno, but I don't think they'll ever get something as good as tweeting on twitter.
I agree, you can’t create something similar easily, it’s like to “Google it”. Nobody would dream to say “Bing it” or “Yahoo it”. If they had achieved dominance instead of Google we might, but you can’t just change such things.
Even if X should become somewhat popular, to X it doesn’t really work.
So even with a new service as popular as Twitter used to be, it’s unlikely to replace the term “to tweet”. It could simply go back to “to message” IDK. That would work disregarding of platform name, but would lack the brilliance of tweeting on Twitter.
Was just thinking on this more and had a laugh at someone saying this out loud
Them: "Did you see my X last night, i ripped them a new one!"
Friend: "You did what to your ex last night? Does your wife know!?"
That’s hilarious.
But I’m sure Musk thought that through before implementing the new name for the thing formerly known as twitter. /s
That was a truly insane decision. Of all the annoying and idiotic things he's said, "Soon we shall bid adieu to the twitter brand and, gradually, all the birds" is way up there.
And somehow it’ll be the “woke mind virus’s” fault. There will be no self reflection at all.
Stage 5: Acceptance
“Everything was fine with our system until the power grid was shut off by Dickless here.” — Ray Stantz, Twitter engineer
It’s true. This man has no dick.
He has like 18000 children.
Plenty of awesome people are dick-free, and being dick-ful in no way suggests competence or any other positive trait.
Edit: ITT: omg tech bros are so toxic Also ITT: dick measuring
Although unlikely, it’s possible he has testicles they harvested sperm from and doesn’t actually have a dick. Although, I think it’s far more likely he has a micro penis that’s barely functional, that he uses to impregnate women he’s somehow conned into tolerating him.
You spend a lot of time thinking about this dudes genitals.
You don’t spend nights awake wondering what Elons dick looks like? Guess I need therapy.
I think it was a joke
getyarn.io/…/cfcee9b0-1b4f-49f0-b857-584bd28c119b
It seems like it was a joke. A joke that easily upsets women and anybody else without a dick. I’m not saying it upset me, but it’s very obvious to see why it would not be received well
Dude what. How thin-skinned does someone need to be to get upset over a joke like that from a random person on the internet?
I hope this is a joke, otherwise it’s offensive to anyone with a functional brain.
If it upset the people you claim it upsets everyone would have heard about how upsetting it was twenty years ago.
Does it upset those people? Or are you just making shit up for no reason?
It’s a quick one liner from a movie in the 80’s. Please share with us all these people that have been upset about it since then.
Have you never seen Ghostbusters?
Legit no but apparently I’m the only one.
GO TO A TORRENT SITE RIGHT NOW.
Hmm could be are all his kids invetro?
Most of them are IVF/Surrogacy babies, I think.
How did all of these people replying to you never see Ghostbusters? It’s criminal.
Gee…who could have guessed?..
Oopsie we repeatedly keep taking away you most valuable organizational tools
This take is exhausting. It’s like the political version of narcissism: here’s how everything that happens in the world is actually a conspiracy against me!
If Musk was a plant to sabotage Twitter on the behalf of the 1%, why would he have done it slowly with a series of increasingly bad decisions that caused a mass migration to distributed open-source platforms? Why not just flip the switch and kill it in one go? Or: why not start a program of bots to talk about how awesome Teslas are, and make Trump seem cool, while shadow-censoring criticism of Musk’s friend’s companies or governments?
You think They are competent and dastardly enough to plan a takeover of Twitter, but then too bumbling to make better use of it than slowly discrediting it with a series of half-baked ideas from a deranged and detestable front man?
i implied no intent, you just filled in the obvious gaps and are upset about it.
.
.
Control is the game for people with money and power whether it is graceful or not. Some of what Elon has done seems like he wants to control the narrative around his jet. Some of what Elon is doing seems like he just wants to keep testing the waters to see how many people still use twitter after crippling the system. Like some sort of “I slap them in the face and they ask to be hit harder- that’s how much power I have over them. People are obsessed with me”.
I don’t think his goal was to kill twitter. His goal was to remain on everyone’s lips without his jet being mentioned. And if that’s at the cost of organizational tools being destroyed, so be it- in fact, destroying twitter has had more people taking about him than ever.
Yeah, I think that’s more or less right. Musk has gone off the rails, and is using his fortune as a cudgel in a fit of pique.
It’s our own fault that our “town square” was so easily taken over by a rich bully, though. I was warning people back in 2007 that depending so heavily on Google, Facebook, Twitter, etc, was a bad idea. People did not want to hear it. It’s hard to picture now, but people used to love those companies, and couldn’t imagine them doing harm. But like…it was inevitable.
We need to build on things like Lemmy, Mastodon, Diaspora, whatever. If you hand control of the town square to a corporation, they’re gonna control access and charge fees, and they’ll happily sell it to someone who wants to turn it into a mud-wrestling pit. That’s not the fault of the corporations–it’s our fault.
Not to mention that the 1% already owned it.
Though if anyone is thinking of spending close to fifty billion to destoy a social network then call me - I’ll do it for a billion, or two.
Twitter helped create ISIL, and also POTUS45. When actual autocracies see people even trying to organize on Twitter, they simply ban the whole site anyway. And it also played a major role in the Arab Spring, which while originally talking about high ideals like democracy, liberalisation, and human rights, is these days mostly notable for having ruined several countries for a generation.
In fact, that seems to be the trend: Twitter is very good at making its users feel like they’re organizing and making changes in the world, when in reality all that is being accomplished is/was inflating their own stock price and throwing outrage around with neither factual context nor a long-term plan to turn it into meaningful positive change. People were able to effect social change before Twitter, but they didn’t do it because they saw somebody’s sarky hot take for five seconds right before getting their dopamine hit with the “Like” button and then scrolling past it; they did it because they got sick of the way things were. The public-facing data should be kept around for historians and the rest of the curious, but Twitter was always primarily a predatory ad marketplace that gained relevance by being useful for propaganda, and we’ll all be better off with it gone.
EDIT: Musk, surely, did buy Twitter for the power and attention he thought it would give him. But he’s done it as a petulant, self-destructive manchild, not as some scheme to stifle public discussion— Twitter was already stifling public discussion, just because of what it is.
DIsagree. He was trying to do one of his many pump-and-dumps and he fucked around and got found out.
Fair. He talked about buying Twitter for the power and attention he meant to get from talking about it, both from the cryptobro fans and also any shady financial shenanigans. But he didn’t actually mean to go through with paying for it.
For real!? I cannot think of a worse cancer than twitter/X and the horrific abomination that it is cannot whither away quickly enough.
What possible benefit has Twitter ever offered mankind?
@dril
I said this in another post, but I think it bears repeating:
Musk, whether he was paid to do this or not, is acting purposefully. This is all a grand scheme to fully dismantle what was once our global town square. Twitter was once a place where “the people” could hold politicians, corporations, and the generally wealthy accountable for their actions publicly. In the past year, the platform has become unsteady, blue checks are untrustworthy, and even the name has changed to something that causes one to pause.
I dislike the man as much as the next normal person, but all of this nonsense has been planned from the start. He’s not a complete idiot. These actions have been calculated steps to take away the voice of the people and eliminate a single source of truth as things get worse and worse.
That is the result, but Elon is too much of a prideful idiot to do it intentionally. But it’s entirely possible some of the others involved were aiming for that.
It was the circus, not “our global town square”.
Space Karen destroys Twitter.
Good, shut it down. Time to end Twitter.
Lol I hate him as much as you guys do but I think he’ll pull it off. Just like Tesla, spacex, solar city , he will make twitter work
Or let it die for the lulz
Yea he can do that too. He did say in one of the interviews that he doesnt care about the money.
Not many people are going to sign up to do their financial transactions through a social media site run by a narcissistic dipshit. And that is his ultimate goal with this x everything app nonsense. Zero chance it becomes, as he predicted, the biggest financial institution in the world.
All he had to do to make twitter work was… nothing.
Oh no. Anyway.
So with wildfires in Canada there’s evacuation zones near me, but I can’t click on some announcement links from the main site that shows the evacuation zones because they go to twitter and you need to log in now. I think they show some on other pages on the site but they do the quicklink to the twitter announcement in the sidebar so you have to click around a bit to get to it. Yes I know the name but whatever. My point being is when the social media site that was meant for short bits of info isn’t good for emergency notifications where everyone can read, it’s shitty and potentially harmful.
I’m sorry - as someone who has done some work with disaster response, this was one of my main concerns. When they threatened to take away NWS access to API without huge fees, I was honestly horrified. Thankfully they reversed that decision, but a lot of what my organization did was scour Twitter for official information and also personal accounts of folks who needed help/the conditions on the ground.
It is honestly a travesty that a resource such as this can be reduced to literal 💩 when people need it the most. I wish I had an answer, but I don’t. I hope more and more folks/orgs migrate to a suitable alternative(s) sooner rather than later, but the damage has been done. There’s always a percentage who never do, and you can’t fix that.
Governments should either be operating their own systems for this or, hell I don’t know, why not just spin up a their ready-to-go Mastodon instance or something else in the fediverse not subject to the delirious whims of a petulant muskrat born with daddy’s money?
Very much agree. I read that the Netherlands already did this!
Regular effing Nostradamus
the guy didn’t even want twitter. the whole thing is depressing.
Redditors not posting about musk for 5 hours challenge (impossible)
Cry harder
lol musk fanboy triggered
No, and I’m not sure how that would work. You’re whining about musk being criticized and apparently think this is reddit so I guess being confusing is your thing
Keep going he will notice you someday
Lol you think he gives his simps free blue check marks or something?
Thats the best part, you do it for free
You’re the one sucking him off here.
“Oh God some strangers are picking on Daddy, time for me to shine.”
Yeah im the one who replied cry harder to someone who said stop mentioning musk, oh wait
Yeah you’re really torn up you’re boy keeps getting called out. Cry harder.
Its ok reading isnt for everyone
You’re really sad Elon musk is being shat on, apparently yeah reading comprehension is hard for you if you think that’s hard to grok
grok, both reading comprehension and literacy of a 4 year old congrats true musk fan
The irony is that this term was invented by famous author. LMAO what an idiot. Is it fun mining negative karma or something? Seems a pathetically sad life to me
Lol you idiot, -900 karma
people caring about karma and musk news, yeah, im already on reddit
Go back to r/conservative
Do you know what website you’re on?
Yeah reddit v2 apparently the musk obsessed fanboys migrated here if elon speaks I must be informed about it
Or, you know, he’s the richest man in the world running a social media site extremely popular with governments and the media and ignoring that kind of thing might be a bad idea.
Should we stop our “obsession” with other political topics? And this is a political topic due to the aforementioned governmental involvement, Twitter’s effect on world politics, and Elon’s own attempts to control U.S. politics.
Is this sub called US politics? My bad
Firstly, again, this is not Reddit. We don’t have subs here, we have communities.
Second, who are you to gatekeep? I don’t see an M next to your username.
This community is called technology, not politics.
Implying technology is apolitical? I sincerely beg to differ.
Properly categorizing content = gatekeeping lmao, even if that was how the word works then by your logic not letting me call it sub is also gatekeeping. I understand you hearx a new word today but google it before using it, musk fanboys are something else
I didn’t stop you from calling it a sub, you just keep calling this place Reddit and using Reddit terms and you’re just plainly wrong no matter how rude you are to me.
Rude? Calling out your mistakes and using your own logic against you after you try to accuse others with it is rude? That means you perceive correcting your vocabulary as an attack to your character, tfw being illiterate is your personality. I pity you
What mistakes have I made exactly? And yes, you’re being rude. For example, you called me illiterate in the very same comment you were indignant about my calling you rude. In fact, I will give you one more insult and then I’ll block you. Specifically because this isn’t Reddit and I will not tolerate Reddit behavior from anyone I talk to.
What mistakes? The word gatekeep? Aka the only subject of our last 2 exchanges? Youre either not paying attention or youre willfully ignoring my messages whatever. Falsely accuse someone, then double down and insult them when they call you out about it, literally elon musk behaviour congrats
And that’s insult number two. I did not insult you once. That is a lie. You are now blocked.
genuinely convinced he may have intentionally destroyed twitter to make the next presidential campaign operate on a different field.
sounds crazy but without twitter or reddit, how do “the youth” communicate? tiktok? insta?
I’d say that’s stupid, but so is every other idea he comes up with for it so who knows.
There’s no reason to speculate his motives. It’s obvious he didn’t want to buy Twitter when he was forced by courts to buy it. He was being an idiot trying to manipulate the stock price. I know it’s hard to believe a multi-billionaire can be an idiot, but it happened. There’s no 4d chess move. Rich people are fallible as everyone else.
Would that have been worth $44b?
It wasn’t worth that much when he bought it. At most, it was worth half that. One of the many reasons why Musk is a fucking moron.
It doesn’t help making an offer that was too high just so he could make a silly “420” joke.
Big parts of the youth did not use twitter. Twitter had at its peak about 500mio active users. Instagram has 2.4 billion, tiktok 1 billion, snapchat 750mio. The relevancy of twitter is highly skewed, because the media used it a lot.
Wow crazy that so many people use those social media platforms. I have never used any of them.
.
I mainly use Snapchat just to keep the pointless streaks going. Never seen an ad in Snapchat for years.
The time of the Mastadon is at hand.
I need some other stuff to follow on mastadon. I mostly used twitter for writers and bands. And Gritty. Now I’m looking for stuff to follow on mastadon and coming up short.
I can understand that. It’s the sort of thing where to have something viable on the broad scale, Mastadon needs to have people invest in it before it becomes the ideal thing. More people, makes it more likely that the things you want to see on there will be on there eventually.
Yeah. Some people have given me pointers and I am very grateful. But considering I didn’t follow that many people on Twitter (I barely used it except for like book and album releases), I guess this is just my use case. Mastodon I don’t have to check but maybe like once a week or maybe every two weeks.
The canonical way to get loads to follow on mastodon is follow @lisamelton@mastodon.social - she’s basically a human version of the algorithm, and will fill your timeline with boosts.
Sure it’s his money but does anyone else feel legitimately frustrated at all the good that this money could have done?
Rich dudes have always had vanity projects, but there is no grand concert hall or library or university to come out of this. Just a ruined company with millions of wasted hours of effort. For nothing.
The horrific opportunity cost inherent to having a billionaire class.
Guillotine noises intensify
The nice thing about our economic system is that value is rarely completely destroyed, the money he paid for Twitter didn’t cease to exist, it went to former Twitter shareholders.
They may be using it in more productive ways than he ever would.
broken window fallacy
Consider whether Twitter was stifling some other growth. If you buy and burn down an advertising billboard, letting light into a market garden–perhaps that is beneficial.
Just to add a little explanation to those who don’t get it: the man-hours spent by people working for then Twitter now X as well as resources used, uktimatelly for producing no wealth, could’ve instead been spent for something that did produce wealth.
Same amount of input money either way, but one produces wealth (in the economic sense of the word rather than merelly monetary) and the other just wastes manpower and resources.
There has been value generated by Twitter that will outlive it though.
They established and refined an interface that other ventures like blue sky and mastodon are utilizing, and they delivered open source frameworks like Bootstrap will long outlive Twitter, and have brought value to the broader web development ecosystem.
I was just explaning the concept of a “broke window falacy” (funilly enough without using the actual example that gave the name to it) and how work merelly being done is not a gain and can actually be a loss because of the opportunity cost (i.e. the people and the resources could otherwise have been used elsewhere and actually produce something of worth).
Also I was just thinking about the Musk-era Twitter rather than the entire Twitter timeline.
As you correctly point out, Bootstrap is something of worth (I would be more hesitant on the “interface” side, as I worked in web interfaces back when they started and that stuff is just derivative and not especially great).
They use it to reinvest and hoard. Because that’s what the investor class does, which is why they’re useless.
The money isn’t gone, it’s just changed hands
Money ain’t got no owners. Only spenders.
aah, Social Media in a nutshell.
You make a great point. Let’s spend hours and hours discussing it to death here. ;)
Definitely prefer the vanity projects of the past. Libraries, city halls etc
Yeah. X makes various things named “Rockafeller” seem downright “not a dumpster fire” in contrast.
Hyperloop, boring tunnels, sending cars to space, etc
Stop me when you’ve heard enough to believe this guy has obvious disdain for all of us.
In the same way that car fails when you deliberately drive it 100mph into a brick wall.
So you’ve got experience with Tesla’s autopilot function…
Nailed it.
“There are no good social networks right now…”
OR MAYBE JUST NO ONE CAN STAND TALKING TO YOU FOR TEN SECONDS, MUSK.
To quote Amy from Futurama, “This is why you never see poor people with millions of dollars.”
Once it fails then someone will buy it cheap and rename it twitter.
If there’s anything left to buy aside from tacky merch shirts. I’m sure the creditors will pick it clean and auction off the best bits to the highest bidder.
Maybe, or maybe it’ll be another Bebo level disaster.
…I guess it was indeed a disaster because I can’t remember even hearing that name before.
en.wikipedia.org/wiki/Bebo
Can’t someone else just make Twitter now tho?
Facebook tried with Threads but overcoming ecosystem inertia is hard.
Bingo.
And since won’t get back all the staff he dismissed; they’re going to have to just slap the Twitter brand on a Mastodon instance.
I wouldn’t be surprised this is him urging his cult to buy monthly subscriptions. If we see higher tier subscription be introduced one of these days, that would be the reason for this fear mongering. That said, it’s awesome that he’s getting a reality check. You can be surrounded by as many yes-men as you want but people en masse don’t care and even if they do, they love seeing rich people humbled. No one misses a good shitstorm.
Best part was he tried to chicken out of his own deal but the feds obv wouldn’t allow him back off on his very own proposal to buy Twitter in the first place!
Took over Twitter. Ruined it. Then : “The sad truth is that there are no great ‘social networks’ right now,”.
How did he ruin it though? I hear that all the time but I myself haven’t noticed any changes. Well, except for a logo but that’s very minor
Wtf?
So you haven’t noticed the 80% reduction in staff leading to incredible amounts of Twitter Downtime, the rise in hate-speech due to the firing of the moderators, the loss of mainstream advertisements, and the replacement with ridiculous low-quality advertising because the mainstream advertisers have grown concerned about the hate-speech?
And you haven’t noticed the increase in downtime as the website continuously crashes? The loss of the blocking feature? The inability to block Elon Musk specifically? (and how he keeps appearing on everyone’s feed even when you try to get rid of it?). The loss of API access?
Comment quality and overall quality of discussion has declined significantly on Twitter as well, as Twitter has fallen from top10 on the App/Play store to #55 or later, because it turns out that Americans are too stupid to search for “X” rather than “Twitter”. There has been a precipitous decline in the already crappy quality discussion.
Finally, Threads and Mastodon have sucked out many high-quality posters and sub-communities.
EDIT: Oh yeah, and this weekend a new bug has cause all media from all tweets older than 2014 to disappear.
Twitter was never great, just reactionaries yelling about shit they only know 15% of.
I think he probably would have made it work. The death knoll was certainly changing the name to X.
Can we start a gofundme to persuade him to take over Facebook?
If we make Facebook to go to place to talk about Elon he’ll do it out of spite and narcissism.
Dying is the entire point of it. If it dies, it becomes infinitely more difficult for the authorities to subpoena tweet histories of certain orange pieces of shit and his cronies.
It doesn’t stop them from getting that history, of course.
But the legal rigamarole of trying to get tweet history from a company that technically doesn’t exist anymore (It’s X, not twitter), and later on no longer even functions (servers shut down), might just delay things long enough to make a difference in the upcoming shit-show.
So the conspiracy is that Musk paid like 20+B and the Saudis paid another ~10B just to keep Trump out of prison?
I think the most logical explanation is that the Saudis paid Musk to kill it. Arab spring was organized on Twitter and a lot of Saudi dissidents were and are actively using it to expose and criticize their government.
And as if they didn’t already subpoena that information before actually filing charges either. They were already investigating for months before Musk bought Twitter.
This is one of the dumber conspiracy theories I think I’ve ever seen. Why are we attributing some clever political maneuver to Musk when it’s clear he just made an unprecedentedly stupid business decision?
The only “conspiracy” surrounding the Elon Twitter acquisition is his market manipulation strategies using social media.
This is just dumb as fuck, there’s no way he even cares about Trump let alone enough to devote billions to it. Billionaires don’t care about the president because they know their economic future rests in the Senate and potentially judicial branch.
Yeah, my belief is he was trying to manipulate his Tesla stock through the Twitter offer. He thought he could get out of it (because the SEC doesn’t do jack shit and he always gets his way), but then when he realized this is (a big money play, where the other side actually has power too) different and thought well might as well buy the platform to make it more easy to manipulate the platform (making lemonade out of lemons).
Now he is starting to see that he is losing eyeballs and you can’t use a social media platform for market manipulation if everybody leaves. So just a bunch of desperate attempts to try to trap people onto the platform, all backfiring worse than the precious idea.
That didn’t fit with his limiting how many tweets users are able to view.
Don’t attribute to malice what can be explained by incompetence. He’s an idiot with money.
The theory behind that is that Twitter failed to pay for their web-services and needed to suddenly cut traffic, otherwise they’d be shutdown by Amazon / Google.
After Twitter paid Amazon/Google, they raised the tweet view-limits appropriately, but the damage was already done.
Think about it, it makes perfect sense.
Err… Actually, let me rephrase that:
Don’t think about it, it makes perfect sense.
They already got his DMs, what more could there be? Wouldn’t it make sense to just encourage Trump to use Twitter, create a TruthSocial group or something and then just shout “free speech” and change absolutely nothing. Lol that might have actually been profitable, as the media would play along as they have no where else to go. All Trump has to do is win the next election and he is golden. He will be dead by the end, and if not he could just fly to retire to some country with a slow extradition policy… or probably most small countries realistically as they wouldn’t want the political shit storm of dealing with complicated domestic-international politics
They already got Trump’s DMs from twitter. Twitter actually fought it and had to pay a $350,000 fine for not turning the DMs over immediately. I think that Musk doesn’t like his fellow right wing cultists from being blocked/ignored by regular people and liberals. Hence his recent comment that he was going to remove the ability to block anyone on X. Of course lots of people immediately said that they’d leave because angry right wing stalkers doxxing them and such.
thanks for nothing you clown
I mean, Elon sucks, but I am kind of happy to hear Twitter might fully die. I’ve always hated the idea of forced character limits.
The world needs more critical and expansive discussion, not additional reasons to summerize and minimize important topics into long headlines.
I think it’s just a human problem. You or I may like to read long form journalism, but we’re in the extreme minority. It’s not dying because it was so hugely profitable.
Logistically too, if you’re trying to parse through the top 100 tweets in a day, and each one takes multiple paragraphs to get to the point, the amount of various viewpoints the average person is able to interact with shrinks dramatically.
Granted, it seems like everyone is taking the forced brevity as an excuse to just write +1 to pile onto their side, since that’s easier.
I feel like there has to be a medium between “Tweets that shoot context in the head” and “Autobiography attached to a macaroni and cheese recipe”. The need for sites to keep you there encourages complete nonsense that doesn’t contribute to the thing I’m there for, and so turns me away from long form anything. I got shit to do and a thousand articles competing for attention, most of which were written by bots and contain nothing. The whole scheme is just broken.
I feel like I had a thesis when I started this comment and I forgot where I was going…
In the case of longer form thought, Twitter provided links. What’s the problem?
People just like to rage over things on the internet. I suspect they also don’t know how to get to the fkn point rather than ramble like they’re waxing poetic on a topic. Reddit is full of that shit.
…they said concisely in a short internet comment.
He was free to ramble on for thousands of words though
if it dies, will he have to pay the debts ?
Man who bet billions that Twitter would fail is upset that it hasn’t already.
X may fail. Twitter didn’t fail. Twitter was bought by a twat who decided to shut it down piece by piece.
Don’t forget Twitter was already in big problems operating at a loss in a lot of its existing years. It’s definitely plummeting even further with his decisions though.
I wish I could operate at a loss and be given billions of pounds.
How long does it take to roll some video akin to tiktok and snapchat into it? Weed out all the bots at the same time by demanding fotoID and root out all the dirtbags abusing the app at the same time. Texting and chatting is so last decade anyway just leave it as a remnant of its birdie roots.
If it fails Meta will likely have to be broken up, their monopoly on social media is outrageous these days.
Fuck that, you’ll also exclude most EU countries since that’s an overreach of privacy.
If it kills Twitter and Meta get a hit at the same time, it’s only a win.
As if it doesn’t deserve it already, regardless?
They don’t want to do that. That would destroy a significant chunk of their userbase and make X look weaker.
What’s the point of copying TikTok? Given Elongs record, it would be done haphazardly and badly. But even if they pull it off, the audience won’t switch over. Or else they’d come back to instagram when they added TikTok features.
I have a feeling that that was the plan from the beginning.
The elite don’t like seeing common people have an open forum where they can all talk about how terrible their lives are, that their terrible lives are caused by the elite and that the common people should figure out what to do about it all.
It’s perhaps stupider than that. The guy couldn’t take getting made fun of on Twitter, so he bought and killed it.
Rich people don’t like being made fun of … but you know what upsets them even more? Poor people realizing that they can make fun of them long enough and often enough to realize that the world should get rid of obscenely rich people.
This is a really lazy take. The elite have forever wanted to control the common people through the manipulation of laws, economy, news,etc. That’s why the Saudis put up the majority of the loan to enable Elon to buy it…so they could gain control over public dissent and white wash their abhorrent public image.
Meanwhile, Elon’s a glorified troll with a god complex, who wants to build his own clubhouse for more extreme right wing content.
Which makes me think it did both things …
touch grass
Lick boot.
That would imply him possessing ability to think that far ahead.
I don’t get this take - because if this was the plan, why not just shut Twitter down straight away instead of whatever is going on right now?
The actions of the platform don’t indicate they’re trying to kill it, just that they have really bad ideas trying to make money off it.
Elon Musk has gone about trying to drive Twitter into the ground while doing everything he can to maintain plausible deniability that he wasn’t. Literally biggest example of big money misused to influence social networks.
What would be the objective here though? It just scatters users to other platforms. I don’t really understand why anyone would want that ?
Nothing of value was lost.
Read in Morgan Freeman’s voice.
Oh no! Anyway.
Now all he needs to do is to connect his own management of Twitter to its failure.
Of all his managerial feats, I’m confident that one is beyond him.
Wishful thinking
I wonder how much money the govt will give him now that he lost 44 bil… ya just know that is what will happen
Yes hello I am Normal Citizen. Where do we go for the money?
All of Musk’s shit will fail, it’s just a question of ‘when’ not of ‘if’. That includes Tesla.
I always thought that the name was changed to something way more unappealing and doesn’t have anywhere near the same ring to it as “Twitter”. It’s kind of cringe imo. Like he was trying to make it seem like this was something so groundbreaking and new that it was deserving of one letter, “X”. I’m not surprised it’s going to flop.
His projects, perhaps. Most likely not. He himself will never face consequences for any of the problems he has caused. Law doesn’t exist for the rich. You can stall, bribe, move to a different country, buy immunity, buy witnesses. Do whatever you want and can to make the problem go away… and it will go away. Even if he does get convicted of anything punishment will be stern look and “now be good, okay?”…
Do a flip!
🍌We’re all trying to find the guy who did this
It almost like he isn’t actually a genius but narcissistic grifter who can move money around.
Who can move Daddy’s money around. He never would’ve had a shot coming from blue collar origins.
Shocked! Shocked, I tell you!
Remember when the libs were praising musk with everything he did?
What changed was the media telling them not too anymore
What changed is that unchecked power and increasing public presence have caused his behaviour to become increasingly erratic, exposing him for the charlatan he is.
Yeah. Couldn’t be the fact that he went full mask off, showing how ignorant and delusional he is.
There were many factors that changed people’s opinions of him, and for me it has absolutely nothing to do with “the media.”
Remember when he randomly called a guy a pedophile on Twitter who saved the kids in the cave rescue, all because they didn’t use his submarine idea?
That was the turning point for me 5 years ago, and he’s gone downhill ever since. The reason he was the golden child of tech for many left leaning individuals is because he was pushing forward electric vehicles in a manner no one else had the will to.
He also happens to be a piece of shit as a human being… Nothing to do with “the media.”
I sense a new dictionary definition of self-fulfilling prophecy coming up…
“I’ve been drilling holes in the bottom of my boat to shed weight, but now I’m having trouble keeping it afloat and there’s nothing I can do about it!”
moving the goalpost. twitter was originally developed to be a “news service” not a “social network”
.